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WEBSTER DECLARES REGULAR CASH DIVIDENDS ON PREFERRED STOCK

 WATERBURY, Conn., June 8 /PRNewswire/ -- Webster Financial Corporation (NASDAQ-NMS: WBST), holding company for Waterbury-based First Federal Bank, announced today the declaration of regular quarterly cash dividends on its Series A Cumulative Perpetual Preferred Stock and Series B Cumulative Convertible Preferred Stock, payable in each case to stockholders of record on June 15, 1993. Dividends totaling $378,642 on the Series A will be payable on June 30, 1993 at the 8.2999 percent current adjustable annual rate. Dividends totaling $468,750 on the Series B Stock will be payable on July 1, 1993 at the 7.50 percent fixed annual rate.
 Webster Financial Corporation is the holding company for First Federal Bank, a federal savings bank headquartered in Waterbury. At March 31, 1993, Webster had total assets of $2.1 billion and shareholders' equity of $116.5 million. First Federal Bank, founded in 1935, serves communities in New Haven, Fairfield, Hartford, and Litchfield counties from 32 banking offices in Connecticut.
 Through First Federal, Webster is engaged primarily in the business of attracting deposits from the general public and investing these funds in loans for the purchase, construction, or refinancing of one- to four- family homes.
 -0- 6/8/93
 /CONTACT: John V. Brennan of Webster Financial, 203-578-2335/
 (WBST)


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

CM -- NE021 -- 6781 06/08/93 18:03 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
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