Webster Bank is rolling out the welcome mat for the consumer it calls the “millionaire next door” with plans for a new private bank office in Greenwich, Conn. in the fourth quarter. Glenn MacInnes, executive vice president and CFO of Webster Financial Corp., announced the new office on Tuesday at the Deutsche Bank 2012 Global Financial Services Investor Conference. “Webster Private Bank is focused on the segment of the high-net-worth market that is just below the threshold of the industry leaders,” MacInnes said at the conference. He noted this is a key area of the bank’s strategic growth.
A “millionaire next door” customer can be anyone who has reached the $1 million milestone through hard work, owning a business, or launching a successful start-up, Sarah Barr, vice president of External Communications for Webster Bank, said in an e-mail statement. These millionaires next door “are people who are a part of our lives,” she said.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access