Stamford-headquartered Webster Financial Corp. has acquired Bend Financial Inc., a cloud-based platform solution provider for health savings accounts (HSA).
Under the terms of the acquisition, Boston-headquartered Bend Financial will continue its current operations and client services, with the goal of expanding its operations to the customers of HSA Bank, a division of Webster. The financial terms of the acquisition were not disclosed.
“This acquisition demonstrates Webster”™s commitment to enhance HSA Bank”™s client experience through strategic technology investments,” said John R. Ciulla, president and CEO of Webster.
