January 3, 2024
BDC Capital Welcomes Webster Bank as a Member Bank
Webster Bank, headquartered in Stamford, CT, recently became a BDC Capital member bank and joins 38 financial institutions located throughout New England as the primary funding source for BDC’s various financing programs.
Paul F. Flynn, Jr., BDC Capital’s President and CEO, stated that “BDC works in partnership with banks and investors to deliver customized financing solutions beyond the scope of conventional financing. Bankers refer many of their customers to us to help extend their institution’s lending capacity. Webster Bank is a great addition to our membership.”
“Webster Bank helps our clients achieve their business and financial goals through our deep expertise in commercial lending and is a strong supporter of business growth in our communities,” said Doug Scala, Regional President, New England Middle Market at Webster Bank. “Our partnership with BDC Capital will strengthen this mission.”
Webster Bank joins the list of BDC member financial institutions:
- Bank of America
- Bank of New England
- BankNewport
- Bank Rhode Island
- Bar Harbor Bank & Trust
- Bay State Savings Bank
- Berkshire Bank
- Brookline Bank
- Brown Brothers Harriman & Co.
- Cambridge Savings Bank
- Cambridge Trust Company
- Cape Ann Savings Bank
- Citizens Bank of Massachusetts
- Coastal Heritage Bank
- Country Bank for Savings
- Dedham Savings
- Eastern Bank
- Enterprise Bank and Trust Company
- Everett Co-Operative Bank
- HarborOne Bank
- John Hancock Financial Services
- Liberty Bank
- Middlesex Savings Bank
- MountainOne
- M&T Bank
- NBT Bank
- Needham Bank
- Newburyport Bank
- North Shore Bank
- Northmark Bank
- Radius Bank dba LendingClub
- Rockland Trust Company
- Santander
- Silicon Valley Bank
- South Shore Bank
- TD Bank
- Westfield Bank
- Washington Trust Company
ABOUT BDC CAPITAL:
The oldest business development corporation in the United States, BDC Capital has been recognized locally and nationally as a leader and innovator in business lending and capital investment. Many of New England’s leading financial institutions invest in BDC to help promising companies expand. For almost 70 years, we have invested more than $1.5 billion in thousands of companies in New England.
Whether the need is $500,000 or $10 million, BDC Capital provides a wide range of financing solutions. We offer asset-based lines of credit, senior debt, junior secured debt, mezzanine investments, SBA 504 loans, and private equity options, all of which are customized to suit the needs of a business.
ABOUT WEBSTER BANK:
Webster Bank (NYSE:WBS) is a values-based, leading commercial bank with more than $65 billion in assets focused on delivering financial solutions to businesses, individuals, families and partners. With headquarters in Stamford, Connecticut, our footprint spans the Northeast from the New York City metropolitan area to Rhode Island and Massachusetts.
More information about Webster Bank is available online at https://public.websteronline.com/
For more information, visit our website, call us at 781-928-1100, or contact:
Paul F. Flynn, Jr.
Email: pflynn@bdcnewengland.com
Work: 781-928-1133
Carol C. Brennan
Email: cbrennan@bdcnewengland.com
Cell: 413-237-6648
