Webster Bank Rated Best Overall Bank in Northeast in RankingBanking Study
WATERBURY, Conn. — Webster Bank was named best overall bank in the Northeast in Bank Director’s annual RankingBanking study released late last month. The 2019 RankingBanking study identifies the top public U.S. retail and commercial banks between $10 billion and $250 billion in assets within each region — the South, the West, the Midwest, and the Northeast.
In addition to placing first overall in the Northeast, Webster was also the top bank in the Northeast in three key categories: Best Technology Strategy, Best Board, and Best Small Business Strategy.
“This is another independent report showcasing our good work across the organization, and a great way to kick off 2019,” said President and CEO John Ciulla.
The rankings were calculated using Bank Director’s proprietary algorithm, which incorporates more than 60 critical data points to measure banks’ relative strengths and weaknesses. The data points used were both qualitative and quantitative, including case studies and analyst opinions.
Many factors went into Webster’s top rankings, including the bank’s high-level focus on digital banking and user experience, the diversity and expertise of its board, and its small-business loan growth and volume.
“We also noted Webster’s robust selection of products and services tailored for small businesses, the fact that customers can apply for loan and deposit products online, and Webster’s ability to generate online loan decisions within 48 hours,” said Emily McCormick, Bank Director’s vice president of Research.
Bank Director is a leading information resource for the directors and officers of financial institutions across the nation.