EXHIBIT 21
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SUBSIDIARIES
Webster Bank, a federally chartered savings bank, is a direct subsidiary of
Webster. Webster also owns all of the common securities of Webster Capital Trust
I, Webster Capital Trust II and Webster Capital Trust III, which are Delaware
business trusts, all of the common stock of Damman Associates, Inc., a
Connecticut corporation and Webster D&P Holdings, Inc. Webster D&P Holdings,
Inc. owns a 65% interest in Duff & Phelps, LLC. Webster Bank has six
wholly-owned subsidiaries: Webster Trust Company, N.A., FCB Properties, Inc.,
Webster Investment Services, Inc., and Access National Mortgage, Inc. Access
National Mortgage, Inc. holds 100% of the equity interests of Nowlending, LLC.
Webster Bank also directly owns all of the outstanding common stock of Webster
Preferred Capital Corporation, a publicly traded real estate investment trust
and Webster Mortgage Investment Corporation, a passive investment subsidiary.
Damman Associates, Inc. has one subsidiary, LLIA, Inc., which has one
subsidiary, the Louis Levine Agency, Inc. (the "Agency"). The Agency has one
subsidiary, Retirement Planning Associates, Inc.
WEBSTER SUBSIDIARIES
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NAMES UNDER WHICH
JURISDICTION OF THE SUBSIDIARY
NAME OF SUBSIDIARY ORGANIZATION DOES BUSINESS
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Webster Bank United States same
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Webster Capital Trust I Delaware same
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Webster Capital Trust II Delaware same
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Webster Capital Trust III Delaware same
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Webster D&P Holdings, Inc. Delaware Duff & Phelps
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Damman Associates, Inc. Connecticut Damman Insurance Associates;
Webster Insurance
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EXHIBIT 23
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CONSENT OF INDEPENDENT AUDITORS
The Board of Directors
Webster Financial Corporation
We consent to the incorporation by reference in the registration statements
(Nos. 33-13244, 33-38286, 333-37530, 333-88021, 333-33228, 333-71141, 333-71983
and 333-48548) on Forms S-8 and the registration statements (Nos. 333-37714,
333-81563 and 333-71707) on Form S-3 of Webster Financial Corporation of our
report dated January 23, 2001, relating to the Consolidated Statements of
Condition of Webster Financial Corporation and subsidiaries as of December 31,
2000 and 1999, and the related Consolidated Statements of Income, Comprehensive
Income, Shareholders' Equity and Cash Flows for each of the years in the
three-year period ended December 31, 2000, which report appears in the December
31, 2000 annual report on Form 10-K of Webster Financial Corporation.
/s/ KPMG LLP
Hartford, Connecticut
March 20, 2001