|Webster Bank Promotes Madar to Chief Accounting Officer|
|PDF Version of Press Release|
WATERBURY , Conn. , March 24, 2011 — Webster Bank, a subsidiary of Webster Financial Corporation (NYSE: WBS), announces that Greg Madar, senior vice president, controller, has been promoted to senior vice president, chief accounting officer.
Madar will lead all accounting functions, including general accounting, financial reporting, treasury operations, Sarbanes-Oxley, and operational accounting. Madar has been with Webster since 1995, starting as vice president, tax manager. He was promoted to senior vice president, assistant controller in 2000, and senior vice president, controller in 2002.
“I am pleased to announce Greg's promotion to chief accounting officer,” said Webster Vice Chairman and Chief Operating Officer Jerry Plush. “Greg has consistently been a significant contributor throughout his career at Webster and is deserving of this recognition.”
Prior to Webster, Madar served as a tax manager for KPMG, among other various positions at regional accounting firms. He received a B.S. in Accounting from Fairfield University and is a graduate of the Webster Business Mastery Program through a joint partnership with the University of Connecticut.
A resident of Wallingford , Conn. , Madar is also a Certified Public Accountant, a member of Financial Executives International, the American Institute of CPAs and the Connecticut Society of CPAs.
Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank. With $18 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 497 ATMs, mobile banking, the Customer Care Center , and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, and 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 Webster's website at www.websterbank.com.