WATERBURY, Conn., Sept. 18, 2017 /PRNewswire/ -- Webster
Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., today announced
Albert J. Wang has been named chief accounting officer of Webster Financial Corporation and
Webster Bank.
Wang has more than 20 years of accounting, tax, and audit experience. He previously served as executive vice president and
chief accounting officer of Banc of California. Prior to that, he held positions of increasing
responsibility at Santander Bank, N.A., most recently as senior vice president and chief accounting officer, and at
PricewaterhouseCoopers LLP.
As chief accounting officer, Wang will oversee corporate accounting functions including corporate tax, regulatory reporting,
and accounting policy.
"Al's breadth of experience, including extensive working knowledge with U.S. GAAP, IFRS and SEC reporting, will enhance
Webster's already strong corporate accounting functions," said Glenn MacInnes, executive vice
president and chief financial officer. "His diverse background in banking and public accounting will help Webster as we implement
our strategic growth plans."
Wang received a Bachelor of Science degree in Accounting from the University of Scranton, and an
MBA in Management Information Systems from Temple University, and is a Certified Public
Accountant.
About Webster
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $26.2
billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment
services through 167 banking centers and 343 ATMs. Webster also provides mobile and Internet banking. Webster Bank owns
the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance
Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative
services. Webster Bank is a member of the FDIC and an equal housing lender. For more information about
Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com .
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SOURCE Webster Financial Corporation