Exhibit 23.3 Consent of Coopers & Lybrand L.L.P.





                                                              Exhibit 23.3








                       CONSENT OF INDEPENDENT ACCOUNTANTS





We  consent  to the  inclusion  in this  registration  statement  on Form S-4 of
Webster Financial  Corporation of our report dated July 21, 1994 on our audit of
the consolidated  financial statements of Shelton Bancorp,  Inc. We also consent
to the reference to our firm under the caption "Experts."




                                                    Coopers & Lybrand L.L.P.





Hartford, Connecticut
July 27, 1995