EXHIBIT 21

                             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 and  Webster  Capital  Trust II,  which are  Delaware  business
trusts,  and all of the common stock of Damman  Associates,  Inc., a Connecticut
corporation.  Webster Bank has five  wholly-owned  subsidiaries:  Webster  Trust
Company, National Association, FCB Properties, Inc., Bristol Financial Services,
Inc., Webster  Investment  Services,  Inc., and Access National  Mortgage,  Inc.
Access  National  Mortgage,  Inc.  holds 80% of the equity  interests  of Access
National Mortgage, L.L.C. Webster Bank also directly owns all of the outstanding
common stock of Webster  Preferred  Capital Corporation, a publicly  traded real
estate investment trust.





                                       Jurisdiction of Organization         Names under which the Subsidiary
Name of Subsidiary                     ----------------------------                 does Business
- - ------------------                                                          --------------------------------
                                                                               
Webster Bank                                   United States                              same
Webster Capital Trust I                          Delaware                                 same
Webster Capital Trust II                         Delaware                                 same
Damman Associates, Inc.                         Connecticut                         Damman Insurance
                                                                                        Associates
                                                                                    Webster Insurance
Webster Trust Company,                         United States                              same
National Association                                                                    
                                                                                      




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RIDER 30C