801337--3/1/2010--WEBSTER_FINANCIAL

related topics

{stock, price, share}

{tax, income, asset}

{condition, economic, financial}

{product, market, service}

{personnel, key, retain}

{competitive, industry, competition}

{regulation, government, change}

{control, financial, internal}

{loss, insurance, financial}

{financial, litigation, operation}

{debt, indebtedness, cash}

Difficult market conditions have adversely affected the industry in which Webster operates. Webster is subject to extensive government regulation and supervision, which may interfere with the Company s ability to conduct its business and may negatively impact its financial results. Webster s participation in the U.S. Treasury s Capital Purchase Program restricts the Company s ability to increase dividends on its common stock, undertake stock repurchase programs and compensate key executives. If all or a significant portion of the unrealized losses in Webster s portfolio of investment securities were determined to be other-than-temporarily impaired, Webster would recognize a material charge to its earnings and its capital ratios would be adversely impacted. Webster s allowance for loan losses may be insufficient. Webster s stock price can be volatile. The Company operates in a highly competitive industry and market area. If Webster fails to compete effectively, the Company s financial condition and results of operations may be materially adversely affected. Webster may not be able to attract and retain skilled people. If the goodwill that the Company has recorded in connection with its acquisitions becomes further impaired, it could have a negative impact on the Company s profitability. Webster continually encounters technological change. The failure to understand and adapt to these changes could negatively impact the Company s business. Webster s controls and procedures may fail or be circumvented, which may result in a material adverse effect on the Company s business. New lines of business or new products and services may subject Webster to additional risks. A failure to successfully manage these risks may have a materially adverse effect on the Company s business. Customer information may be obtained and used fraudulently, which may negatively impact Webster s reputation and customer base, cause increased regulatory scrutiny and expose Webster to litigation. Changes in interest rates and spreads could have an impact on earnings and results of operations which could have a negative impact on the value of Webster s stock. Webster may not pay dividends if it is not able to receive dividends from its subsidiary, Webster Bank.

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801337--3/1/2010--WEBSTER_FINANCIAL_CORP