
Webster Bank to Acquire HSA Provider Bend Financial
The parent company of Webster Bank has agreed to acquire Boston-based Bend Financial Inc., a technology company that offers a cloud-based platform for health savings accounts.
The parent company of Webster Bank has agreed to acquire Boston-based Bend Financial Inc., a technology company that offers a cloud-based platform for health savings accounts.
Webster Bank saw first quarter earnings increase almost 200 percent compared to the same quarter last year, when banks were responding to the start of the pandemic.
Webster Financial Corporation, the holding company for Webster Bank and its HSA Bank division, had earnings of $88.1 million, or $0.96 per diluted share, for the quarter ending Dec. 31, 2019.
Webster Financial Corp., the holding company for Webster Bank and its HSA Bank division, announced it made $91.4 million in the third quarter, or $1 per diluted share, compared to $97.5 million in the third quarter of 2018, or $1.06 per diluted share.