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Webster is a full service commercial bank that provides business and consumer banking, mortgage, financial planning, trust and investment services.

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Webster Bank and Elan Financial Services Launch New Credit Card Program

WATERBURY, Conn. and MINNEAPOLIS, Minn. (May 7, 2012) – Elan Financial Services (Elan) and Webster Bank have partnered to offer consumers and businesses a robust suite of Webster Bank Visa credit cards that will include reward options such as a full one percent cash back, merchandise, gift certificates or travel rewards.  The new card program is now available throughout the four-state footprint from White Plains, N.Y., to Boston, Mass., as part of Webster’s superior customer service and product value.

With six consumer and six business credit card options, Webster Bank can now provide customers with better rates, better rewards and more product choices to best fit personal and professional needs.  Webster’s diverse range of customers will now be able to take advantage of a full suite of card products that includes Signature Rewards and Signature Elite for private banking customers. 
 
“Strategically growing credit card programs with market-leading, financial institutions, like Webster Bank, is representative of the expertise that Elan has been developing for many years,” said Matt Carpenter, senior vice president and market director for Elan Financial Service. “Financial institutions feel confident selecting Elan as their full-service credit card issuer because of Elan’s commitment to providing their cardmembers with industry-leading products and services, while providing back-end benefits, such as high-impact marketing solutions and a commitment to supporting branch personnel, in order to maximize the effectiveness of the program.”

“Webster is pleased with this customized approach to best fit our customer’s financial needs and their business’ vision,” said John Weeks, director of unsecured lending for Webster Bank. “Elan’s experience, partner support, and flexibility to offer us this customized solution based on the strategic requirements of our institution, and most importantly, our customer base, were integral in helping us make this decision.”

As an agent card partner, Elan Financial Services is dedicated to serving financial institutions with credit card products that meet the unique needs of every customer.  Elan’s end-to-end solution includes card servicing and marketing as well as branch support and sales incentives.

About Webster Bank
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, 466 ATMs, telephone banking, mobile banking, and the Internet. Webster Bank owns the asset based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; 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 www.websterbank.com.

About Elan Financial Services
Elan Financial Services is one of America’s oldest and largest agent credit card providers for financial institutions. For over 46 years, Elan has delivered a partner centric approach, best-in-class products and an unwavering commitment to service for more than 1,700 financial institutions in 50 states. Elan's base of more than 2,000 employees are dedicated to helping financial institution clients reduce costs and risks associated with managing and growing their credit card portfolio’s. For more information call all 800-223-7009, or visit www.elanfinancialservices.com.

Contacts:
Teri Charest, Elan Media Relations
(612) 303-0732, teri.charest@elanfs.com

Sarah Barr, Webster VP External Communications
(203) 587-2287, sbarr@websterbank.com