Webster Bank, National Association
Stamford, Connecticut, Western Connecticut County
$85.9B in total assets, the 37th largest of 4,309 US banks and 1st of 27 headquartered in Connecticut.
- FDIC certificate
- 18221
- Established
- 1870
- Owned by
- Webster Financial Corp
- Primary regulator
- OCC
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $85.9B | 97% | $22.4B | |
| Loans | $57.9B | 96% | $14.4B | |
| Deposits | $70.7B | 98% | $18.0B | |
| Return on assets | 1.25% | 45% | 1.30% | |
| Net interest margin | 3.31% | 32% | 3.62% | |
| Efficiency ratio | 48.7% | 27% | 55.2% | |
| Equity to assets | 11.39% | 47% | 11.60% | |
| Loans to deposits | 82% | 31% | 87% |
Growth
Total assets grew 20.6% a year over the last 5 years and 13.1% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Feb 2022 | Sterling National Bank Pearl River, NY | $29.6B |
| Oct 2006 | NewMil Bank New Milford, CT | $710M |
| Feb 2005 | State Bank of Howards Grove Howards Grove, WI | $179M |
| Dec 2004 | First City Bank New Britain, CT | $186M |
| May 2004 | First Federal Savings Bank of America Fall River, MA | $2.7B |
| Apr 2004 | (unknown, CERT 33932) , CT | $12M |
| Nov 2003 | The North American Bank & Trust Company Waterbury, CT | $189M |
| Jun 2000 | Mechanics Savings Bank Hartford, CT | $1.1B |
| Dec 1999 | New England Bank and Trust Company Windsor, CT | $586M |
| Dec 1999 | Community Bank Bristol, CT | $59M |
| Dec 1999 | Olde Port Bank and Trust Portsmouth, NH | $60M |
| Dec 1999 | The Equity Bank Wethersfield, CT | $119M |
| May 1999 | The Village Bank & Trust Company Ridgefield, CT | $237M |
| Apr 1999 | Maritime Bank & Trust Company Essex, CT | $100M |
| Apr 1998 | Eagle Bank Bristol, CT | $2.3B |
| Jul 1997 | Peoples Savings Bank & Trust New Britain, CT | $466M |
| Jan 1997 | The Derby Savings Bank Derby, CT | $1.2B |
| Nov 1995 | Shelton Savings Bank Shelton, CT | $298M |
| Nov 1995 | First Federal Bank, a federal savings bank Waterbury, CT | $2.5B |
Where they operate
0 branches in 0 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Western Connecticut County, CT | $31.3B | 48.2% | 1 of 24 |
| Nassau County, NY | $18.0B | 18.2% | 2 of 33 |
| Capitol County, CT | $5.3B | 10.0% | 3 of 24 |
| Naugatuck Valley County, CT | $3.1B | 24.9% | 1 of 16 |
| Suffolk County, NY | $1.9B | 3.0% | 10 of 22 |
| Queens County, NY | $1.8B | 2.3% | 8 of 52 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 162 branches since 2016 (162 to 0, −100.0%). 19 opened, 74 acquired, 255 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 162 | |||
| 2016 | Opened 17 in MassachusettsClosed 5 in 2 states | 17 | 5 | +12 | 174 |
| 2017 | Closed 6 in 4 states | 0 | 6 | −6 | 168 |
| 2018 | Opened CambridgeClosed 6 in 2 states | 1 | 6 | −5 | 163 |
| 2019 | Sold 6 branches to United Bank | 0 | 6 | −6 | 157 |
| 2020 | Closed Shelton and Waterbury | 0 | 2 | −2 | 155 |
| 2021 | Closed 25 in 3 states | 0 | 25 | −25 | 130 |
| 2022 | Acquired Sterling National BankOpened Waterbury, closed 4 in 3 states | 75 | 4 | +71 | 201 |
| 2023 | Closed 3 in 3 states | 0 | 3 | −3 | 198 |
| 2024 | Closed White Plains and Yonkers | 0 | 2 | −2 | 196 |
| 2025 | Closed Lexington | 0 | 1 | −1 | 195 |
| 2026 through Q2 | Closed 195 in 4 states | 0 | 195 | −195 | 0 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 23% | 25% | |
| 1-4 family residential | 19% | 21% | |
| Business (C&I) | 17% | 17% | |
| Multifamily | 13% | 8% | |
| Construction and land | 3% | 6% | |
| Consumer | 1% | 10% | |
| Other | 24% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 74% | 62% | |
| Noninterest-bearing | 14% | 20% | |
| Time deposits | 12% | 18% |
Brokered deposits are 4.4% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.74% | 0.63% |
| Net charge-offs, annualized | 0.29% | 0.14% |
| Reserves to loans | 1.25% | 1.14% |
| Leverage ratio | 8.51% | 10.26% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Connecticut
Largest competitors in Western Connecticut County, CT
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/webster