Webster Monetary acquires well being financial savings account supplier
Stamford-headquartered Webster Monetary Corp. has acquired Bend Monetary Inc., a cloud-based platform answer supplier for well being financial savings accounts (HSA).
Below the phrases of the acquisition, Boston-headquartered Bend Monetary will proceed its present operations and consumer companies, with the aim of increasing its operations to the shoppers of HSA Financial institution, a division of Webster. The monetary phrases of the acquisition weren’t disclosed.
“This acquisition demonstrates Webster’s dedication to boost HSA Financial institution’s consumer expertise by strategic know-how investments,” stated John R. Ciulla, president and CEO of Webster.
