The Middletown Press (Middletown, CT)

Webster, People’s ranked for customer service

- By Luther Turmelle

Two of Connecticu­t’s home-grown banks had a mixed showing in J.D. Power’s 2018 Retail Banking satisfacti­on study for New England.

Waterbury-based Webster Bank finished with a score slightly above the regional average for New England. People’s United, which is headquarte­red in Bridgeport, scored just below the regional average as determined by J.D. Power and Associates, a California-based marketing company that studies customer service satisfacti­on.

Webster finished sixth in the region in terms of satisfacti­on while People’s United finished seventh. Of the banks mentioned in the study that have Connecticu­t locations, T.D. Bank finished first and was fourth overall among all banks in New England.

KeyBank finished in last place among the 12 banks listed in the study.

Paul McAdam, senior director of J.D. Power’s banking practice, said the study shows that banking customers are demanding that their needs “are being met regardless of what (delivery) channel they are using.”

“Robust digital offerings from some of the nation’s largest banks have helped them grow their customer bases, but the study reveals that customers who use exclusivel­y online or mobile banking channels are the least satisfied with their banks’ service quality,” McAdam said in a statement. “Right now, retail banks need to address the growing ‘digital divide’ that is emerging within their customer bases. Successful­ly navigating that transition will require a combinatio­n of providing better, more personaliz­ed advice that is consistent across both digital and branch interactio­ns.”

Officials with People’s United and KeyBank were not immediatel­y available for comment on the J.D. Power study findings. Alice Ferreira, a Webster Bank spokeswoma­n, said customers can have confidence the company “remains committed to creating a superior customer experience.”

“Our Webster bankers strive every day to truly understand our customers’ needs and respond with the right solutions to help individual­s, families and businesses achieve their financial goals,” Ferreira said.

John Carusone, president of the Bank Analysis Center, a Hartford-based industry consulting firm, said the study will be used “to put banks in their best possible light.”

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