Company: WBS-PG
Filing Date: 2025-09-04
Form Type: 305B2
Source: 0001193125-25-195478
Chunk: 5

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-09-04
Form: 305B2
Chunk 5
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 the capital of the Association shall be made; provided that                                                                                                     
 nothing herein shall restrict the power of shareholders to increase or decrease the capital of the Association in accordance with law, and nothing shall raise or lower from two-thirds the percentage required 
 for shareholder approval to increase or reduce the capital.                                                                                                                                                     |

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| (8) | Manage and administer the business and affairs of the Association. |

| (9) | Adopt initial Bylaws, not inconsistent with law or the Articles of Association, for managing the business and 
 regulating the affairs of the Association.                                                                    |

| (10) | Amend or repeal Bylaws, except to the extent that the Articles of Association reserve this power in whole or in 
 part to the shareholders.                                                                                       |

| (11) | Make contracts. |

| (12) | Generally perform all acts that are legal for a board of directors to perform. |

SEVENTH.The board of directors shall have the power to change the location of the main office to any authorized branch within the limits of the city of Portland, Oregon, without the approval of the shareholders, or with a vote of shareholders owning two-thirdsof the stock of the Association for a location outside such limits and upon receipt of a certificate of approval from the Comptroller of the Currency, to any other location within or outside the limits of the city of Portland, Oregon, but not more than thirty miles beyond such limits. The board of directors shall have the power to establish or change the location of any office or offices of the Association to any other location permitted under applicable law, without approval of shareholders, subject to approval by the Comptroller of the Currency. EIGHTH.The corporate existence of this Association shall continue until termination according to the laws of the United States. NINTH.The board of directors of the Association, or any shareholder owning, in the aggregate, not less than 25 percent of the stock of the Association, may call a special meeting of shareholders at any time. Unless otherwise provided by the Bylaws or the laws of the United States, or waived by shareholders, a notice of the time, place, and purpose of every annual and special meeting of the shareholders shall be given by first-class mail, postage prepaid, mailed at least 10, and no more than 60, days prior to the date of the meeting to each shareholder of record at his/her address as shown upon the books of the Association. Unless otherwise provided by the Bylaws, any action requiring approval of shareholders must be effected at