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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sunday, April 30, 8:17 PM

Slide #308. Webster Financial Corporation Preferred Stock Offering

Company: Webster Financial Corporation (NYSE:WBS)
Date announced: 11/27/2012
Shares Offered: 4,400,000
Date of Pricing: 11/27/2012
Price Per Share: $25
Preferred Stock Offering Details: Webster Financial Corporation, the holding company for Webster Bank, N.A, announced today that it has commenced an underwritten public offering of depositary shares, each representing a 1/1000th interest in a share of its Series E Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $25,000 per share (equivalent to $25 per depositary share). Webster expects to grant the underwriters a 30-day option to purchase additional depositary shares solely to cover over-allotments. --updated 11/28/12 -- Webster Financial Corporation, the holding company for Webster Bank, N.A., announced today that it had priced an underwritten public offering of 4,400,000 depositary shares ($110 million of aggregate public offering price), each representing a 1/1000th interest in a share of its Series E Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $25,000 per share (equivalent to $25 per depositary share). Dividends will accrue and be payable on the liquidation amount of $25,000 per share of Series E Preferred Stock in arrears at 6.40% per annum only when, as, and if declared by the board of directors of Webster (or a duly authorized committee of the board) and to the extent Webster has legally available funds to pay dividends. The offering is expected to close on or about December 4, 2012, subject to customary closing conditions.

Webster Financial is a bank holding company and financial holding company, engaged in providing financial services to individuals, families, and businesses. Co. provides business and consumer banking, mortgage lending, financial planning, trust, and investment services through 175 banking offices, 350 ATMs, mobile banking, and its internet website (www.websterbank.com). Investment services include securities-related services, and brokerage and investment advice. Co. also provides equipment financing, commercial real estate lending, and asset-based lending primarily across the Northeast. At Dec 31 2016, Co. had total assets of $26.07 billion and total deposits of $19.30 billion.

Preferred: WBS.PRE


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Name:  Webster Financial Corp (Waterbury, Conn)
Website:  www.websterbank.com
Sector:  Banking & Savings
Number of ETFs Holding WBS:  64 (see which ones)
Total Market Value Held by ETFs:  $578,705,405
Total Market Capitalization:  $4,874,000,000
% of Market Cap. Held by ETFs:  11.87%
 

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