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Webster Bank
Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; and Westchester County, New York. History Webster was founded in 1935 by Harold Webster Smith as the ''First Federal Savings of Waterbury'' in Connecticut. Only 24 years old, Smith borrowed from family and friends to found the lending institution providing home loans to Connecticut citizens. He served as CEO until 1987 and as chairman of the board until 1995 when First Federal was renamed Webster Bank in his honor. Timeline ''Among milestones in Webster's history:'' * 1935: Harold Webster Smith founds a savings and loan, First Federal Savings of Waterbury. * 1938: First Federal's assets grow to more than $1 million. * 1986: First Federal converts to stock ownership and forms a holding company. * 1987: James C. Smith becomes the company's second chief executive officer, succeeding his father, Harold Webster Smith, w ...
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Hamden, Connecticut
Hamden is a town in New Haven County, Connecticut, United States. The town's nickname is "The Land of the Sleeping Giant". The population was 61,169 at the 2020 census. History The peaceful tribe of Quinnipiacs were the first residents of the land that is now Hamden, they had great regard awe and veneration for the Blue Hills Sleeping Giant Mountain. amden was purchased by William Christopher Reilly and the Reverend John Davenport in 1638 from the local Quinnipiac Native American tribe. It was settled by Puritans as part of the town of New Haven. It remained a part of New Haven until 1786 when 1,400 local residents incorporated the area as a separate town, naming it after the English statesman John Hampden. Largely developed as a nodal collection of village-like settlements (which remain distinct today), including Mount Carmel (home to Quinnipiac University), Whitneyville, Spring Glen, West Woods, and Highwood, Hamden has a long-standing industrial history. In 1798, four ...
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HSA Bank
HSA Bank is a health savings account (HSA) administrator in the United States. Based in Milwaukee and Sheboygan, Wisconsin, the company focuses on the administration, service, and support of health accounts including Health Savings Accounts, Flexible Spending Accounts, and Health Reimbursement Arrangements. It serves more than 2 million members with over 5 billion dollars in total assets. In 1997, HSA Bank entered the consumer-directed healthcare market by providing medical savings accounts (MSA) to small employers and the self-employed. Since the passage of the Medicare Prescription Drug, Improvement and Modernization Act in 2003 and the creation of health savings accounts in 2004, HSA Bank has serviced and administered health savings accounts to companies of all sizes as well as individuals. HSA Bank is a division of Webster Bank, N.A., Member FDIC, a subsidiary of Webster Financial Corporation. History Origin of HSA Bank HSA Bank began as the State Bank of Howards ...
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Banks Established In 1935
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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American Companies Established In 1935
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * Ba ...
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Banks Based In Connecticut
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ...
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Companies Based In Stamford, Connecticut
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Companies Listed On The New York Stock Exchange
Companies listed on the New York Stock Exchange are in the following lists, alphabetically. * Companies listed on the New York Stock Exchange (0–9) * Companies listed on the New York Stock Exchange (A) * Companies listed on the New York Stock Exchange (B) * Companies listed on the New York Stock Exchange (C) * Companies listed on the New York Stock Exchange (D) * Companies listed on the New York Stock Exchange (E) * Companies listed on the New York Stock Exchange (F) * Companies listed on the New York Stock Exchange (G) * Companies listed on the New York Stock Exchange (H) * Companies listed on the New York Stock Exchange (I) * Companies listed on the New York Stock Exchange (J) * Companies listed on the New York Stock Exchange (K) * Companies listed on the New York Stock Exchange (L) * Companies listed on the New York Stock Exchange (M) * Companies listed on the New York Stock Exchange (N) * Companies listed on the New York Stock Exchange (O) * Companies listed on the New York St ...
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New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware River and Pennsylvania; and on the southwest by Delaware Bay and the state of Delaware. At , New Jersey is the fifth-smallest state in land area; but with close to 9.3 million residents, it ranks 11th in population and first in population density. The state capital is Trenton, and the most populous city is Newark. With the exception of Warren County, all of the state's 21 counties lie within the combined statistical areas of New York City or Philadelphia. New Jersey was first inhabited by Native Americans for at least 2,800 years, with the Lenape being the dominant group when Europeans arrived in the early 17th century. Dutch and Swedish colonists founded the first European settlements in the state. The British later seized control o ...
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New York Metropolitan Area
The New York metropolitan area, also commonly referred to as the Tri-State area, is the largest metropolitan area in the world by urban area, urban landmass, at , and one of the list of most populous metropolitan areas, most populous urban agglomerations in the world. The vast metropolitan area includes New York City, Long Island, the Mid and Lower Hudson Valley in the State of New York; the six largest cities in New Jersey: Newark, New Jersey, Newark, Jersey City, New Jersey, Jersey City, Paterson, New Jersey, Paterson, Elizabeth, New Jersey, Elizabeth, Lakewood, New Jersey, Lakewood, and Edison, New Jersey, Edison, and their vicinities; and six of the seven largest cities in Connecticut: Bridgeport, Connecticut, Bridgeport, Stamford, Connecticut, Stamford, New Haven, Connecticut, New Haven, Waterbury, Connecticut, Waterbury, Norwalk, Connecticut, Norwalk, and Danbury, Connecticut, Danbury, and the vicinities of these cities. The New York metropolitan area comprises the geograp ...
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Sheboygan, Wisconsin
Sheboygan () is a city in and the county seat of Sheboygan County, Wisconsin, United States. The population was 49,929 at the 2020 census. It is the principal city of the Sheboygan, Wisconsin Metropolitan Statistical Area, which has a population of 118,034. The city is located on the western shore of Lake Michigan at the mouth of the Sheboygan River, about north of Milwaukee and south of Green Bay. History Before its settlement by European Americans, the Sheboygan area was home to Native Americans, including members of the Potawatomi, Chippewa, Ottawa, Winnebago, and Menominee tribes. In the Menominee language, the place is known as ''Sāpīwǣhekaneh,'' "at a hearing distance in the woods". The Menominee ceded this land to the United States in the 1831 Treaty of Washington. Following the treaty, the land became available for sale to American settlers. Migrants from New York, Michigan, and New England were among the first white Americans to settle this area in the 1830s ...
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Asset-based Lending
Asset-based lending is any kind of lending secured by an asset. This means, if the loan is not repaid, the asset is taken. In this sense, a mortgage is an example of an asset-based loan. More commonly however, the phrase is used to describe lending to business and large corporations using assets not normally used in other loans. Typically, the different types of asset-based loans include accounts receivable financing, inventory financing, equipment financing, or real estate financing Asset-based lending in this more specific sense is possible only in certain countries whose legal systems allow borrowers to pledge such assets to lenders as collateral for loans (through the creation of enforceable security interests). Usage Asset-based lending is usually done when the normal routes of raising funds is not possible, such as the capital markets (selling bonds to investors) and normal unsecured or mortgage secured bank. This is often because the company has exhausted other capital raisin ...
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Sterling Bancorp
Sterling Bancorp was a regional bank holding company. It merged into Webster Financial Corporation in February 2022; their principal subsidiaries, Sterling National Bank and Webster Bank, were also merged, in the process. Prior to the Webster merger, Sterling National Bank provided a full range of banking and financial services to business owners, their families, and consumers, primarily in the greater New York metropolitan and Hudson Valley regions. Sterling Bancorp had assets of approximately $30 billion at October 2, 2017, following its acquisition of Astoria Financial Corp. Nasdaq. GlobeNewswire Press Release, October 2, 2017. Retrieved October 4, 2017. Headquartered in Montebello, New York, Sterling Bancorp's shares were traded on the New York Stock Exchange. History The entity now known as Sterling was founded in 1888 under the name Provident Bank. It later became a subsidiary of Provident New York Bancorp. On August 10, 2012, the company acquired Gotham Bank of New Yo ...
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