Company: WBS-PG
Filing Date: 2025-09-04
Form Type: 305B2
Source: 0001193125-25-195478
Chunk: 3

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-09-04
Form: 305B2
Chunk 3
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 least 10 days’ advance notice of the meeting shall be given to the shareholders by first-class mail.

In all elections
of directors, the number of votes each common shareholder may cast will be determined by multiplying the number of shares he or she owns by the number of directors to be elected. Those votes may be cumulated and cast for a single candidate or may be
distributed among two or more candidates in the manner selected by the shareholder. On all other questions, each common shareholder shall be entitled to one vote for each share of stock held by him or her.

A director may resign at any time by delivering written notice to the board of directors, its chairperson, or to the Association, which resignation shall be
effective when the notice is delivered unless the notice specifies a later effective date.

A director may be removed by the shareholders at a meeting
called to remove him or her, when notice of the meeting stating that the purpose or one of the purposes is to remove him or her is provided, if there is a failure to fulfill one of the affirmative requirements for qualification, or for cause;
provided, however, that a director may not be removed if the number of votes sufficient to elect him or her under cumulative voting is voted against his or her removal.

FIFTH.The authorized amount of capital stock of the Association shall be 1,000,000 shares of common stock of the par value of ten dollars ($10) each;
but said capital stock may be increased or decreased from time to time, according to the provisions of the laws of the United States. The Association shall have only one class of capital stock.

No holder of shares of the capital stock of any class of the Association shall have any preemptive or preferential right of subscription to any shares of any
class of stock of the Association, whether now or hereafter authorized, or to any obligations convertible into stock of the Association, issued, or sold, nor any right of subscription to any thereof other than such, if any, as the board of
directors, in its discretion, may from time to time determine and at such price as the board of directors may from time to time fix.

Transfers of the
Association’s stock are subject to the prior written approval of a federal depository institution regulatory agency. If no other agency approval is required, the approval of the Comptroller of the Currency must be obtained prior to any such
transfers.

Unless otherwise specified in the Articles of Association or required by law, (1) all matters requiring shareholder action,