Webster Financial (WBS) Acquires Bend Financial

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Go back to Webster Financial (WBS) Acquires Bend Financial

Webster Signs Definitive Agreement to Acquire Bend Financial

February 16, 2022 7:00 AM EST

STAMFORD, Conn., Feb. 16, 2022 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS) ("Webster") today announced that it has signed a definitive agreement to acquire Bend Financial, Inc. ("Bend"), a cloud-based platform solution provider for health savings accounts (HSA).

Bend's client-facing experience utilizes cloud native technology and user-centered design to offer a simplified and modern approach to HSA management and engagement.

"This acquisition demonstrates Webster's commitment to enhance HSA Bank's client experience through strategic technology investments," said John R. Ciulla, President and CEO of Webster.

Under the... More