We advised Webster Financial on the investment-grade offering

Davis Polk advised Webster Financial Corporation in connection with its SEC-registered offering of $350 million aggregate principal amount of its 5.784% fixed-rate reset subordinated notes due 2035.

Webster Financial Corporation is a Stamford, Connecticut-based financial holding company and bank holding company for Webster Bank, N.A. As of June 30, 2025, Webster Financial Corporation had approximately $82 billion in total consolidated assets.

Webster Bank is a commercial bank with a national bank charter focused on providing financial products and services to businesses, individuals and families. While its core footprint spans the Northeast from the New York metropolitan area to Rhode Island and Massachusetts, certain businesses operate in extended geographies. Webster Bank offers three differentiated lines of business: commercial banking, healthcare financial services and consumer banking.

The Davis Polk corporate team included partner Shane Tintle and associates Marcos Sauquet Trias and Kira Z. Horowitz. The financial institutions team included partner Margaret E. Tahyar, counsel Daniel E. Newman and associate Boaz B. Goldwater. The tax team included partners Michael Mollerus and Patrick E. Sigmon and associate Xiyuan (Spencer) Pan. Counsel Sarah E. Kim provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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