<ARTICLE>                                            9
<LEGEND>
     (Replace this text with the legend)
</LEGEND>
<CIK>                         0000801337
<NAME>                        Webster Financial Corporation
<MULTIPLIER>                                      1000
<CURRENCY>                                          US
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-START>                             JAN-01-1994
<PERIOD-END>                               DEC-31-1994
<EXCHANGE-RATE>                                      1
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<FED-FUNDS-SOLD>                                     0
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<ALLOWANCE>                                     55,366
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<LIABILITIES-OTHER>                             73,092
<LONG-TERM>                                     40,000
<PREFERRED-MANDATORY>                                2
<PREFERRED>                                          0
<COMMON>                                           124
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<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                                     0
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<INTEREST-EXPENSE>                             152,552
<INTEREST-INCOME-NET>                          140,612
<LOAN-LOSSES>                                    5,609
<SECURITIES-GAINS>                             (1,050)
<EXPENSE-OTHER>                                113,299
<INCOME-PRETAX>                                 39,171
<INCOME-PRE-EXTRAORDINARY>                      39,171
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    27,960
<EPS-PRIMARY>                                     2.30
<EPS-DILUTED>                                     2.17
<YIELD-ACTUAL>                                    2.96
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<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
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<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0