Webster Bank

Webster Financial Corporation serves as the holding company for Webster Bank, which provides a comprehensive array of banking, investment, and financial services to individuals, families, and businesses throughout the United States. The bank operates through three primary segments: Commercial Banking, HSA Bank, and Community Banking. The Commercial Banking segment focuses on lending, deposit, and cash management services tailored for middle-market companies, including commercial real estate lending and asset management for high net worth clients. HSA Bank specializes in health savings accounts and related financial solutions for employers and individuals. Community Banking offers a variety of deposit and loan products, including residential mortgages and credit cards, and provides investment services through a partnership with LPL Financial Holdings. Webster Bank also emphasizes digital banking solutions and maintains a presence with numerous banking centers and ATMs. Founded in 1935 and headquartered in Waterbury, Connecticut, Webster Bank prides itself on its community-focused approach while being the largest independent commercial bank in New England.

John Ciulla

Chairman, President and Chief Executive Officer

Glenn MacInnes

Executive Vice President and Chief Financial Officer

Terrence Mangan

Senior Vice President, Investor Relations

Past deals in Connecticut

FinTron

Series A in 2022
FinTron Invest LLC, founded in 2018 and based in Fairfield, Connecticut, provides investment tools aimed at new investors. The company offers a digital broker-dealer and banking application that allows users to evaluate risk, search for stocks by sector, and construct investment portfolios. In addition to its investment services, FinTron focuses on promoting financial education, offering affordable financial products, and supporting philanthropic initiatives. The company's platform consolidates essential financial data, enabling users to track their debt, savings, and investment accounts in one place while receiving updates on their financial activities. FinTron is committed to enhancing financial freedom and security for its users.

P2 Science

Debt Financing in 2020
P2 Science, Inc. is a bio-renewable chemistry company based in Woodbridge, Connecticut, that specializes in the development and production of specialty chemicals derived from renewable feedstocks, such as vegetable oils. Founded in 2009 by a team that includes Yale scientists and industry experts, P2 Science focuses on creating high-value ingredients for various sectors, including flavors and fragrances, cosmetics, household and industrial cleaning, personal care, and agriculture. The company has developed innovative processes that allow for the production of vegetable-derived versions of fragrance ingredients traditionally sourced from petrochemicals. This shift towards renewable alternatives addresses the growing demand among major manufacturers to replace petrochemical ingredients with sustainable options. P2 Science operates a laboratory in New Haven, Connecticut, to advance its technology and collaborates with key partners throughout the supply chain to facilitate the commercialization of its products.

Payrailz

Venture Round in 2017
Payrailz is a digital payments company that offers advanced bill payment and money transfer solutions to banks and credit unions. Its AI-driven digital payment platform combines with our Paywaze engine deliver smarter payment experiences through online and mobile channels, voice-enabled devices, interactive messaging, and payment bots. The company was founded in 2016 and is headquartered in Glastonbury, Connecticut.

Open Solutions

Venture Round in 2000
Open Solutions provides collaborative, enterprise core account processing technology for banks, thrifts and credit unions, along with a full range of surround solutions.