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Webster is a leading regional bank serving businesses and consumers in the northeast. We are a community minded and values driven financial institution that’s been around 80 years.

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Webster Bank Makes Key Appointments in Bank Operations

WATERBURY, Conn, March 16, 2012 – Webster Bank, a leading regional bank, today
announced an internal promotion and a hire to the Bank Operations team.

Joseph J. Pelliccia, Jr. has been named senior vice president and director of loan operations. A
resident of East Haven, Conn., Joe has more than 35 years of management experience and
expertise in loan related portfolios. Previously at Webster, he served as vice president,
commercial operations manager. Prior to that, he worked at Chase Manhattan Corp. Joe attended
Southern Connecticut State University and a manager of American Legion Baseball.

In addition, Michael Liam O’Connor, Esq., joins Webster as senior vice president, corporate real
estate and facilities. Mike will manage Webster’s corporate real estate portfolio to include,
construction, space planning, building refurbishment and maintenance. Mike has over 15 years of
real estate, development, construction, project management and leadership experience. Mike joins
Webster after completing an active duty tour as an Army officer assigned to the Office of the
Judge Advocate General, the Pentagon Washington D.C. This resident of Woodbury, Conn.,
earned his Bachelors at High Point College and his JD at Ohio Northern University.

“Webster is pleased to have these two seasoned leaders as part of our team,” said Rose Gaidos,
senior vice president bank operations. “Both Joe and Mike demonstrate a proven track record in
management and this will be of great benefit to us as we continue to grow our business across our
four-state footprint.”

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $19
billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and
investment services through 168 banking offices, 473 ATMs, telephone banking and the Internet. Webster Bank
owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster
Capital Finance; and provides health savings account trustee and administrative services through HSA Bank, a
division of Webster Bank. Member FDIC and equal housing lender. For more information about Webster,
including past press releases and the latest annual report, visit the Webster website at

Media Contact
Sarah Barr, 203-578-2287

Investor Contact
Terry Mangan 203-578-2318