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Webster Financial Corporation Announces Location Change for its 2020 Annual Meeting of Shareholders

By Webster Bank

Annual Meeting to be held in virtual only format

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced a change in the location of the 2020 Annual Meeting of Shareholders (the “Annual Meeting”). In light of public health concerns regarding the coronavirus

Annual Meeting to be held in virtual only format

WATERBURY, Conn., April 3, 2020 /PRNewswire/ — Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced a change in the location of the 2020 Annual Meeting of Shareholders (the “Annual Meeting”). In light of public health concerns regarding the coronavirus (COVID-19) pandemic, the Annual Meeting will be held solely by remote communication, in a virtual only format. The previously announced date and time of the meeting, April 23 at 4:00 p.m., Eastern Daylight Time will not change.

Shareholders of record as of the close of business on February 26, 2020, the record date, can find additional details regarding participation in the Annual Meeting at www.wbst.com.

Shareholders of record as of the record date can attend the Annual Meeting at www.virtualshareholdermeeting.com/WBS2020 by logging in by entering the 16-digit control number found on the proxy card or voting instruction form previously received. Once admitted, shareholders may submit questions, vote or view Webster’s list of shareholders during the Annual Meeting by following the instructions that will be available on the meeting website. Individuals that were not shareholders of record as of the record date may view a webcast of the meeting by visiting www.virtualshareholdermeeting.com/WBS2020.

The proxy card included with the proxy materials will not be updated to reflect the change in location. Shareholders may continue to use the proxy card to vote their shares of Webster common stock in connection with the Annual Meeting.

About Webster

Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $31.7 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 157 banking centers and 308 ATMs. Webster also provides mobile and online banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

“”(COVID-19) pandemic, the Annual Meeting will be held solely by remote communication, in a virtual only format. The previously announced date and time of the meeting, April 23 at 4:00 p.m., Eastern Daylight Time will not change.

Shareholders of record as of the close of business on February 26, 2020, the record date, can find additional details regarding participation in the Annual Meeting at www.wbst.com.

Shareholders of record as of the record date can attend the Annual Meeting at www.virtualshareholdermeeting.com/WBS2020 by logging in by entering the 16-digit control number found on the proxy card or voting instruction form previously received. Once admitted, shareholders may submit questions, vote or view Webster’s list of shareholders during the Annual Meeting by following the instructions that will be available on the meeting website. Individuals that were not shareholders of record as of the record date may view a webcast of the meeting by visiting www.virtualshareholdermeeting.com/WBS2020.

The proxy card included with the proxy materials will not be updated to reflect the change in location. Shareholders may continue to use the proxy card to vote their shares of Webster common stock in connection with the Annual Meeting.

About Webster

Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $31.7 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 157 banking centers and 308 ATMs. Webster also provides mobile and online banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com .

Media Contact:

Investor Contact:

Alice Ferreira, 203-578-2610

Terry Mangan, 203-578-2318

[email protected]

[email protected]

Santander Holdings USA, Inc. ( “Santander US” ) is a wholly -owned subsidiary of Madrid -based Banco Santander, S.A. (NYSE: SAN) (“Santander ”), recognized as one of the world’s most admired companies by Fortune Magazine in 2026, with more than 182 million customers in the United States, Europe and Latin America. Santander US is the intermediate holding company for Santander’s five growing businesses in the United States. Santander’s U.S. presence consists of auto lending, retail and digital banking, commercial banking, corporate and investment banking, and wealth management businesses. In August 2026, Santander closed on its acquisition of Webster Financial Corporation and, indirectly, Webster Bank, N.A, creating a leading retail and commercial bank in the United States by assets with an expanded presence in the Northeast. In the U.S. market, Santander also is recognized as top-10 auto lender and a top -10 multifamily bank lender and servicer, and operates one of the fastest growing digital banks, Openbank by Santander, as a division of Santander Bank, N.A. For more information about Santander US, please visit www.santanderus.com.

Contact Information

Media Contact:

Alice Ferreira

WATERBURY, CT

203-578-2610

Investor Contact:

Terry Mangan

[email protected]

203-578-231

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