HSA Bank Tops $1 Billion in Health Savings Account Deposits

^{Published on 2011-01-06 13:11:03 - Market Wire}
 

HSA Bank Tops $1 Billion in Health Savings Account Deposits -- WATERBURY, Conn., Jan. 6, 2011 /PRNewswire/ --

WATERBURY, Conn., Jan. 6, 2011 /PRNewswire/ -- HSA Bank announced today it surpassed $1 billion in Health Savings Account (HSA) deposits.

The announcement further supports the findings of HSA Bank's June 2010 Consumer Benchmark Survey that HSAs are a mainstream healthcare option.

"We have seen the popularity of HSAs skyrocket with employers and consumers in 2010 and entering 2011," said Kirk Hoewisch, president of HSA Bank. "But reaching $1 billion is an important milestone for the HSA industry as well as HSA Bank."

HSA Bank has exclusively focused on the service and administration of health-based savings accounts since 1997 and has been an industry leader. HSA Bank provides dedicated service and support for consumers, employers and agents, which has helped it attract customers ranging from individuals to Fortune 500 companies.

"The fact that we reached this milestone and grew $500 million in the last 3 years alone is validation of our zealous commitment to providing the best possible consumer and employer experience across diverse groups of insurance carriers, brokers and partners," said Dean Mason, CEO of HSA Bank.

For more information about HSA Bank, visit the HSA Bank website at [ www.hsabank.com/billion ].

HSA Bank® is a division of Webster Bank, N.A. Member FDIC, the wholly-owned subsidiary of Webster Financial Corporation (NYSE: WBS).

HSA Bank is one of the nation's most experienced HSA administrators and one of the few administrators with an exclusive focus on HSAs. HSA Bank works with individuals and companies of all sizes and complexities. HSA Bank actively listens to the needs of our clients and customers to develop solutions and create flexible HSA programs that include online access for employers and individuals. HSA Bank offers reliable and responsive support to its business partners and accountholders from friendly, knowledgeable service staff.

Discover how easy it can be to have or manage an HSA at [ www.hsabank.com ]!

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.8 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 497 ATMs, mobile banking, the Customer Care Center, and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, and the equipment finance firm Webster Capital Finance, and provides health savings account, trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender.

For more information about Webster, including past press releases and the latest annual report, visit Webster's website at [ www.websterbank.com ].

SOURCE Webster Financial Corporation

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