Webster Bank Expands Internet Presence with New Senior Vice President of Internet Development

Strategic Insights -

Webster Bank has announced the appointment of Francis P. Duggan as senior vice president of Internet Development, as part of its efforts to enhance its online financial services offerings. Duggan will lead the development of Webster's Internet strategy, focusing on designing, implementing, and supporting online financial products and services. With a background in the Small Business Division at Fleet Financial Group, Duggan has a proven track record in setting up online store-fronts and implementing PC banking products for small businesses. He joins Webster from Liberty Mutual Insurance and Allmerica Financial, where he held senior management positions.

Key Takeaways:

  • Francis P. Duggan has been appointed as the new senior vice president of Internet Development at Webster Bank, focusing on enhancing the bank's online financial services offerings.
  • Duggan has extensive experience in the financial industry, having held senior management positions at Fleet Financial Group, Liberty Mutual Insurance, and Allmerica Financial.
  • Prior to joining Webster, Duggan set up online store-fronts at Fleet Financial Group and implemented PC banking products specifically designed for small businesses.
  • As senior vice president of Internet Development, Duggan will be responsible for designing, implementing, and supporting online financial products and services at Webster Bank.
  • Webster Bank operates through a network of 125 banking offices, three commercial banking centers, and 200 ATMs, in addition to offering telephone, video, web, and PC banking services.
  • The bank's assets total $10 billion, and it is a leading full-service commercial and mortgage lender in Connecticut.

Statistics:

  • Webster Bank operates through a network of 125 banking offices.
  • The bank has 200 ATMs in operation.
  • Webster Bank's assets total $10 billion.
  • The bank has a significant presence in Connecticut, with Webster Trust and Damman Insurance Associates being two of its notable subsidiaries.
  • Nowlending, a subsidiary of Webster Bank found at nowlending.com, originates low-cost mortgages over the Internet for customers across the United States.

Sources:

  • Business Wire
  • Webster Bank Web site at www.websterbank.com.