Walter F. Greenfield Appointed President and COO of Center Capital

Greenfield joined Center Capital in October 2005 from Daimler Chrysler Capital Services, where he was Senior Manager-Structured Equity, and had been responsible for all credit operations and asset management activities of Chrysler's $4.3 billion leveraged lease portfolio. Prior to joining Daimler in 1988 he was employed by Scientific Leasing, and before that held management positions at the Society for Savings and The Travelers Corporation. In his new position Greenfield will report to Executive Vice President Joseph J. Savage, the head of Webster's Commercial Banking division.

Webster also announced that it has entered into a long-term agreement with M.D. Weiss LLC, a consulting firm Weiss will lead following his retirement from the bank Oct. 1. Through this agreement Weiss will work with Webster's commercial banking division and credit risk management on a broad range of projects.

Weiss joined Center Capital Corporation as senior vice president -- operations in 1992 and became its chief executive officer in 1995. He organized a leveraged buyout of Center Capital in 1996 and sold the company to Webster Bank in March 2001. He has served as its CEO since then.

"I am delighted that Walt Greenfield will lead the Center Capital team he knows so well," Savage said. "This Webster subsidiary has a record of solid credit performance and consistent profitability under Weiss, and we have full confidence that Greenfield will continue that progress. We also look forward to continuing to benefit from Weiss's valued experience as an innovative entrepreneur and business manager to help us achieve our goal of becoming New England's bank."

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.5 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 484 ATMs, telephone banking and the Internet. 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 inFarmington, Conn., and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.WebsterOnline.com.

SOURCE Webster Bank, N.A.

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