Tell us about Webster Bank.
With $17.5 billion in assets, Webster Financial Corp., parent company to Webster Bank, provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, including 9 branches in the Valley. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corp., Center Capital Corporation, an equipment finance company headquartered in Farmington, Conn., and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank.
How long has Webster Bank been a member of the Corporate Volunteer Council and why is it important to your company?
Webster has been a member of the CVC for more than 10 years. The United Way is Webster’s primary philanthropy because it is an efficient, donor-friendly way to support a broad safety net of human services. Webster raises more than $1 million annually for the United Way through its employee campaign and its employees also volunteer significant amounts of time to the United Way Day of Caring, United Way boards and allocation committees. For the last seven years, Webster Bank has also provided the Valley United Way with grant money for a "Loaned Executive" during campaign season. The Loaned Executive is usually a business person borrowed from a local company on a short-term, part-time basis to assist with various campaign fundraising activities.
What are some of the CVC programs that your employees support?
The Webster branch on Bridgeport Avenue in Shelton spearheads its CVC events. It holds clothing and food drives annually. Employee and customer response to its last clothing drive in September was so overwhelming — customers were asking when it would happen again —that the branch has decided to hold two clothing drives next year.
As a CVC representative, how do you communicate CVC activities to your employees and drive volunteerism?
One of the five tenets of The Webster Way, which define our values as a company, is to give of ourselves in the communities we serve. As a result, our employees embrace volunteerism, giving more than 70,000 hours of volunteer service every year. Working from this foundation, it’s not difficult to get significant participation from employees after simply announcing the dates of our annual events.
With $17.5 billion in assets, Webster Financial Corp., parent company to Webster Bank, provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, including 9 branches in the Valley. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corp., Center Capital Corporation, an equipment finance company headquartered in Farmington, Conn., and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank.
How long has Webster Bank been a member of the Corporate Volunteer Council and why is it important to your company?
Webster has been a member of the CVC for more than 10 years. The United Way is Webster’s primary philanthropy because it is an efficient, donor-friendly way to support a broad safety net of human services. Webster raises more than $1 million annually for the United Way through its employee campaign and its employees also volunteer significant amounts of time to the United Way Day of Caring, United Way boards and allocation committees. For the last seven years, Webster Bank has also provided the Valley United Way with grant money for a "Loaned Executive" during campaign season. The Loaned Executive is usually a business person borrowed from a local company on a short-term, part-time basis to assist with various campaign fundraising activities.
What are some of the CVC programs that your employees support?
The Webster branch on Bridgeport Avenue in Shelton spearheads its CVC events. It holds clothing and food drives annually. Employee and customer response to its last clothing drive in September was so overwhelming — customers were asking when it would happen again —that the branch has decided to hold two clothing drives next year.
As a CVC representative, how do you communicate CVC activities to your employees and drive volunteerism?
One of the five tenets of The Webster Way, which define our values as a company, is to give of ourselves in the communities we serve. As a result, our employees embrace volunteerism, giving more than 70,000 hours of volunteer service every year. Working from this foundation, it’s not difficult to get significant participation from employees after simply announcing the dates of our annual events.
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