Company: WBS-PG
Filing Date: 2025-09-05
Form Type: 424B5
Source: 0001193125-25-197211
Chunk: 12

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-09-05
Form: 424B5
Chunk 12
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, on a consolidated basis, our liabilities totaled approximately $72.6 billion, which includes approximately $0.6 billion of
subordinated notes of the Company that would rank equal with the Notes.

In addition, the Notes will not be secured by any of our assets.
As a result, the Notes will be effectively subordinated to all of our secured indebtedness to the extent of the value of the assets securing such indebtedness. The Indenture governing the Notes does not limit the amount of senior indebtedness and
other financial obligations or secured obligations that we or our subsidiaries may incur.

As a result of the subordination provisions
described above, holders of the Notes may not be fully repaid in the event of our bankruptcy, liquidation or reorganization.

The Notes will not be insured or guaranteed by the FDIC, any other governmental agency or any of our subsidiaries. The Notes will be structurally subordinated to the indebtedness and other liabilities of our subsidiaries, which means that creditors of our subsidiaries generally will be paid from those subsidiaries’ assets before holders of the Notes would have any claims to those assets.

The Notes are not savings accounts, deposits or other obligations of the Bank or any of our non-bank
subsidiaries and are not insured or guaranteed by the FDIC or any other governmental agency or public or private insurer. The Notes are obligations of Webster only and are neither obligations of, nor guaranteed by, any of our subsidiaries. The Notes
will be structurally subordinated to all existing and future indebtedness and other liabilities of our subsidiaries, which means that creditors of our subsidiaries (including, in the case of the Bank, its depositors) generally will be paid from
those subsidiaries’ assets before holders of the Notes would have any claims to those assets. As of June 30, 2025, our subsidiaries had approximately $72.1 billion of liabilities, all of which would be structurally senior to the
Notes with respect to the assets of those subsidiaries. Even if we become a creditor of any of our subsidiaries, our rights as a creditor would be subordinate to any security interest in the assets of that subsidiary and any debt of that subsidiary
senior to that held by us, and our rights could otherwise be subordinated to the rights of other creditors and depositors of that subsidiary. Furthermore, none of our subsidiaries is under any obligation to make payments to us, and any payments to
us would depend on the

S-6

earnings or financial condition of our subsidiaries and various business