Pentwater Capital Management Adds $138M in Webster Financial Corp ($WBS)
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Pentwater Capital Management acquired a new position in Webster Financial Corp ($WBS), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,866,090 shares of Webster Financial Corp. Pentwater Capital Management's holdings in Webster Financial Corp were worth $137.92 million as of its most recent filing.
Webster Financial Corp Stock Down 5.2%
Shares of Webster Financial Corp ($WBS) traded around $73.91 on Saturday, down 5.2% for the day.
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About Webster Financial Corp
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States. It operates through three segments: Commercial Banking, Healthcare Financial Services, and Consumer Banking. The company offers checking, savings, and money market accounts; time deposits; individual retirement account retirement savings; certificates of deposit; mortgages; home equity loans and lines of credit; business lines of credit; overdrafts; and term, commercial mortgages, student, PPA, SBA, and personal loans. It also provides commercial lending; financial planning, life and long-term insurance, personal retirement, and portfolio management solutions; employee retirement plans; credit cards; payroll services; automated clearing house payables and wires; bill pay, remote deposit capture, merchant, and lockbox services; treasury management and investment services; private banking services; wealth management services; and online and mobile banking services. Webster Financial Corporation was founded in 1870 and is headquartered in Stamford, Connecticut.
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