Webster Financial (WBS) Acquires Bend Financial
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Webster Signs Definitive Agreement to Acquire Bend Financial
February 16, 2022 7:00 AM ESTSTAMFORD, Conn., Feb. 16, 2022 /PRNewswire/ --Â 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
