Webster Financial is a commercial bank founded in 1935 and based out of Waterbury, Connecticut. The bank offers services to businesses and consumers across a broad range of areas such as retail banking, online and mobile banking, consumer finance, commercial banking, financial advisory, private banking, retirement planning, cash management, insurance, employee benefits, treasury sales, investment, loans and credit. The lending division of the firm, Webster Business Credit provides asset-based loans to meet a full range of business financing needs such as working capital, term loans, refinancing, growth, debtor-in-possession (DIP), recapitalization, turnarounds, emergence financing, import/export letters of credit, and mergers and acquisitions.