Exhibit 23.3



                       Consent of Independent Accountants

We consent to the  incorporation in this  registration  statement on Form S-4 of
Webster Financial Corporation,  of our report dated January 30, 1998, except for
Note 16 as to which the date is August 28, 1998 and Note 18 as to which the date
is November 3, 1998, on our audits of the financial  statements of Maritime Bank
& Trust  Company as of  December  31, 1997 and 1996 and for each of the years in
the  three-year  period ended December 31, 1997 and to the reference to our firm
under the heading "Experts" in the Proxy Statement/Prospectus.


                                          /s/ Shatswell, MacLeod & Company, P.C.
                                              Shatswell, MacLeod & Company, P.C.


West Peabody, Massachusetts
January 25, 1999