Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 8

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 8
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 ”), a custodian and administrator of medical funds from insurance claim settlements. Ametros, the nation’s largest professional administrator of medical insurance claim settlements, helps individuals manage their ongoing medical care through their CareGuard service and proprietary technology platform. The acquisition provided Webster Bank with a fast-growing source of low-cost and long-duration deposits, new sources of non-interest income, and enhanced Webster Bank’s employee benefit and healthcare financial services expertise. With the acquisition of Ametros, Webster formed the Healthcare Financial Services reportable segment, which includes HSA Bank and Ametros.

Joint Venture with Marathon Asset Management

On July 19, 2024, Webster, through its subsidiary MW Advisor Holding, LLC, entered into an agreement with Marathon Asset Management MW Holding, LLC and formed MW Advisor, LLC, a private credit joint venture, which will deliver direct lending solutions for sponsor-backed middle market companies across the country. Webster owns 50 percent of MW Advisor, LLC. Webster expects to begin activities through MW Advisor, LLC in the first half of 2025.

Sale of Factored Receivables Portfolio

On September 27, 2024, Webster sold its factored receivables loan portfolio of $124.1 million, and the related customer contracts, for proceeds of $129.2 million. This decision was a direct result of Webster’s continuous reassessment of our strategic model in an effort to identify opportunities to focus on core financial products and services.

Balance Sheet Optimization

In 2024, Webster undertook several actions to better position its balance sheet in support of future business activities. It reduced the concentration of commercial real estate in its loan portfolio, including a reduction in office loans of over 20%. Liquidity enhancements improved Webster’s access to off-balance sheet funding capacity by $3.2 billion, contributing to a 21% increase in coverage of uninsured deposits. Securities portfolio repositionings of over $2 billion improved the yield and duration profile of the securities portfolio, while securing more favorable capital treatment. Other risk weighted asset optimization actions, including a loan securitization and data enhancements, also contributed to a greater than 40 basis point improvement in certain regulatory capital ratios.

| Corporate Governance Highlights |

We believe in the importance of sound and effective corporate governance. Over the years, we forged an explicit link between our corporate culture and corporate governance by identifying our core values, communicating them and living them every day. With uncompromising commitment to our core principles, we continue to add value for our customers, stockholders, colleagues and the communities we