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C. MICHAEL JACOBI NOMINATED TO BOARD OF WEBSTER

 WATERBURY, Conn., April 29 /PRNewswire/ -- C. Michael Jacobi, president, chief executive officer and a director of Timex Corporation, Middlebury, Conn., has been nominated to serve as a member of the board of directors of Webster Financial Corporation, (NASDAQ: WBST) holding company for First Federal Bank,
according to James C. Smith, president and chief executive officer. Jacobi has been nominated to fill the position created by an increase in the size of the board from eight directors to nine directors effective at the 1993 annual meeting to be held on May 25.
 Jacobi joined Timex Corporation in 1970 and held various financial and manufacturing positions prior to being named the chief operating officer of Timex Clock Company in 1979. From 1981 to 1992, he was vice president of marketing and sales. In April 1992, he became executive vice president and chief operating officer, and in December 1992, he became president and chief operating officer.
 Jacobi is a certified public accountant and graduate of the University of Connecticut. He and his wife Kris are residents of Middlebury.
 -0- 4/29/93
 /CONTACT: James C. Smith of Webster Financial, 203-578-2214/
 (WBST)


CO: Webster Financial Corporation ST: Connecticut IN: FIN SU: PER

CH-DD -- NE015 -- 2884 04/29/93 17:03 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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