STAMFORD, Conn. – Webster Bank has published a Philanthropic Impact Report detailing its support of nonprofit organizations that aim to bolster economic inclusion, with a focus on financial empowerment, community and workforce development, and providing basic needs in underserved communities.
The report details Webster’s philanthropic projects from 2022-2024, the period covering the launch of Webster’s first multi-year Community Investment Strategy. This includes $15 million in financial contributions and thousands of volunteer hours dedicated to nonprofit organizations in communities that are, on average, 82% low-to moderate-income.
“Our philanthropic priorities reflect our conviction that thriving communities start with access to opportunity,” said Marissa Weidner, Chief Corporate Responsibility Officer, Webster Bank. “We believe investing in the nonprofit community to provide essential services to individuals and families is incredibly important.”
Webster Bank’s philanthropic efforts focus primarily on communities in Connecticut, Massachusetts, New York and Rhode Island. Results from 2022-2024 highlighted in the Report include:
- Grants totaling $3.4 million for financial empowerment initiatives, including Webster Finance Labs and many other nonprofits. To date, nine Finance Labs have launched serving more than 2,300 students ages 13 to 25. Webster provides support for technology and curriculum as well as volunteer opportunities for colleagues to participate in financial empowerment workshops, pitch competitions and career fairs.
- Providing $4.4 million to nonprofits supporting community development, affordable housing programs, homeownership counseling, foreclosure prevention and credit remediation, as well as support for Community Development Financial Institutions (CDFI) and Community Development Corporations (CDC).
- Contributing $1.8 million to support workforce development initiatives, promoting job creation, small business growth and career readiness for underserved populations and system-impacted individuals.
- Investing $4.8 million to address basic needs and human services, partnering with regional food banks and nonprofits to combat food insecurity and homelessness.
Learn more about Webster Bank’s commitment to communities and corporate citizenship in our Philanthropic Impact Report.
About Webster
Webster Bank (“Webster”) is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country’s largest providers of employee benefits and administration of medical insurance claim settlements solutions. Webster is a values-driven organization headquartered in Stamford, CT, with more than $82 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at websterbank.com.
