Exhibit 99.1
| | | | |
| Media Contact: | | | | Investor Contact: |
| Alice Ferreira,203-578-2610 | | | | Terry Mangan,203-578-2318 |
| acferreira@websterbank.com | | | | tmangan@websterbank.com |
Webster Financial Corporation Announces Location Change
for its 2020 Annual Meeting of Shareholders
Annual Meeting to be held in virtual only format
WATERBURY,Conn., April 3, 2020 –Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced a change in the location of the 2020 Annual Meeting of Shareholders (the “Annual Meeting”). In light of public health concerns regarding the coronavirus(COVID-19) pandemic, the Annual Meeting will be held solely by remote communication, in a virtual only format. The previously announced date and time of the meeting, April 23 at 4:00 p.m., Eastern Daylight Time will not change.
Shareholders of record as of the close of business on February 26, 2020, the record date, can find additional details regarding participation in the Annual Meeting atwww.wbst.com.
Shareholders of record as of the record date can attend the Annual Meeting atwww.virtualshareholdermeeting.com/WBS2020 by logging in by entering the16-digit control number found on the proxy card or voting instruction form previously received. Once admitted, shareholders may submit questions, vote or view Webster’s list of shareholders during the Annual Meeting by following the instructions that will be available on the meeting website. Individuals that were not shareholders of record as of the record date may view a webcast of the meeting by visitingwww.virtualshareholdermeeting.com/WBS2020.
The proxy card included with the proxy materials will not be updated to reflect the change in location. Shareholders may continue to use the proxy card to vote their shares of Webster common stock in connection with the Annual Meeting.
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About Webster
Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $30.4 billion in assets, Webster providesbusiness andconsumer banking,mortgage,financial planning,trust, andinvestment services through 157 banking centers and 309 ATMs. Webster also providesmobile andonline banking. Webster Bank owns theasset-based lending firm Webster Business Credit Corporation; theequipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provideshealth savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website atwww.websterbank.com.
