Mort­gages up at No. 2 bank in Con­necti­cut

The News-Times - - BUSINESS -

Webster Bank kicked off

2019 by adding $215 mil­lion to its base of res­i­den­tial mort­gages out­stand­ing, a 5 per­cent in­crease head­ing into the busy spring real es­tate mar­ket. Af­ter Bank of Amer­ica, par­ent com­pany Webster Fi­nan­cial is the sec­ond largest do­ing busi­ness in Con­necti­cut, with

$18.6 bil­lion in de­posits in its home state as of last June ac­cord­ing to FDIC data. Webster re­ported first-quar­ter earn­ings of

$99.7 mil­lion, a 25 per­cent in­crease from a year ear­lier.

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