Webster Banks renewed focus on the wealth management business is starting to show. In the fourth quarter of 2012, wealth and investment services earned $7.8 million in non-interest income for the bank, a 36% jump from a year earlier and 9% increase from the previous quarter, the banks holding company announced today.
For the year, wealth and investment services contributed $29.5 million to Websters non-interest income, up 12% from $26.4 million the year before. Wealth and investment services accounted for 15.3% of the banks non-interest income, up slightly from 15% in 2011.
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