Exhibit 99.2


                       NEW ENGLAND COMMUNITY BANCORP, INC.

           THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

          The undersigned  shareholder of New England  Community  Bancorp,  Inc.
hereby appoints David A. Lentini and Anson C. Hall, or either of them, with full
power  of  substitution  in  each,  as  proxies  to cast  all  votes  which  the
undersigned   shareholder  is  entitled  to  cast  at  the  Special  Meeting  of
shareholders to be held at 10:00 a.m., local time, on Tuesday, November 9, 1999,
at The  Hartford  Golf Club,  134  Norwood  Road,  West  Hartford,  Connecticut,
06117-2238,  and at any adjournments  thereof,  upon the following matters.  The
undersigned shareholder hereby revokes any proxy or proxies heretofore given.

          This proxy will be voted as directed by the  undersigned  shareholder.
UNLESS CONTRARY DIRECTION IS GIVEN, THIS PROXY WILL BE VOTED: (1) TO APPROVE AND
ADOPT AN  AGREEMENT  AND PLAN OF  MERGER,  DATED  AS OF JUNE 29,  1999,  BETWEEN
WEBSTER FINANCIAL CORPORATION AND NEW ENGLAND COMMUNITY BANCORP,  INC., PURSUANT
TO WHICH NECB WILL BE ACQUIRED BY WEBSTER,  THE MERGER PROVIDED FOR THEREIN, AND
THE OTHER TRANSACTIONS CONTEMPLATED BY THE AGREEMENT AND PLAN OF MERGER; AND (2)
ANY OTHER  BUSINESS IN ACCORDANCE  WITH THE  DETERMINATION  OF A MAJORITY OF THE
NECB BOARD OF  DIRECTORS.  The  undersigned  may  revoke  this proxy at any time
before  it is voted by (i)  delivering  to Anson C.  Hall,  Vice  President  and
Treasurer of NECB a written  notice of  revocation  before the special  meeting,
(ii)  delivering to NECB a duly  executed  proxy bearing a later date before the
special meeting, or (iii) by attending the special meeting and voting in person.
The undersigned shareholder hereby acknowledges receipt of a Notice of a Special
Meeting of NECB and the joint  proxy  statement/prospectus  of Webster  and NECB
dated ______, 1999.

         If you  receive  more than one proxy  card,  please sign and return all
cards in the accompanying envelope.

         PROPOSAL 1:
                  To approve and adopt the agreement  and plan of merger,  dated
                  as of June 29, 1999, between Webster Financial Corporation and
                  New England Community  Bancorp,  Inc., the merger of NECB into
                  Webster and the other transactions  contemplated by the merger
                  agreement,     as     described    in    the    joint    proxy
                  statement/prospectus.

                  [__]   FOR            [___]  AGAINST          [___]   ABSTAIN


         PROPOSAL 2:
                  The proxies are authorized to vote upon such other business as
                  may  properly  come  before  the  special   meeting,   or  any
                  adjournments  or  postponements  of  the  meeting,  including,
                  without limitation, a motion to adjourn the special meeting to
                  another  time  and/or  place  for the  purpose  of  soliciting
                  additional  proxies in order to approve  the merger  agreement
                  and the merger or otherwise.


           (CONTINUED AND TO BE DATED AND SIGNED ON THE REVERSE SIDE)







                                        Date:
                                              ---------------------------------

                                        ---------------------------------------

                                        ---------------------------------------

                                        Signature(s)   of    Shareholder(s)   or
                                        Authorized Representative(s)

                                        Please  date  and sign  exactly  as your
                                        name  appears on this proxy  card.  Each
                                        executor,    administrator,     trustee,
                                        guardian,   attorney-in-fact  and  other
                                        fiduciary  should sign and  indicate his
                                        or her full  title.  When stock has been
                                        issued  in  the  name  of  two  or  more
                                        persons,   all  persons   should   sign.