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Webster Financial in Waterbury, Conn., has promoted one of its executives to run its personal bank operations.
August 27 -
Warburg Pincus Private Equity X, which owns just under 10% of Webster Financial, will sell its entire position in a secondary offering.
May 8 -
Private-equity groups are looking to cash out their bank holdings given the bullish stock market and bearish outlook for banking. But few will double their money like Warburg Pincus did with its investment in Webster Financial.
May 22 -
Profits rose at Webster Financial in Waterbury, Conn., on strong fee income and cost controls.
July 12
Webster Financial (WBS) in Waterbury, Conn, said its president and chief operating officer will step down at the end of the month.
Gerald Plush plans to resign to pursue other career opportunities, the $20 billion-asset company said Monday. Webster did not name a successor.
Plush joined Webster in 2006 as chief financial officer, and has held several other roles before becoming COO in 2011. From 1995 through 2006, he worked for MBNA America in Wilmington, Del.
Plush "has made many important contributions in increasingly responsible roles, becoming only the fourth president in our 78-year history," Webster Chairman and Chief Executive James Smith said in a press release. "I've enjoyed a close working relationship with him and have always admired his remarkable energy and creative leadership in relentless pursuit of our strategic goals."
Webster
