Webster Bank, a regional bank headquartered in Waterbury, Connecticut, announced it is expanding its lending business into Atlanta.
Webster Bank Business Credit, its regional asset-based lending subsidiary based in New York City, will open an office in Georgia led by William Greene III, the subsidiary’s senior vice president.
“This is a homecoming as well as an opening,” Warren Mino, executive vice president and director of Webster Business Credit, said. “Bill was with Webster from 1998 to 2009. With his return, we look to grow the book of businesses and service customers in that region.”
Prior to returning to Webster, Greene helped grow the new Atlanta office for HSBC Bank, focusing on companies with $50 million to $500 million in revenue and international needs.Â
Webster Business Credit currently has $289.4 million in commitments in the southeastern United States. The company, which is part of Webster”™s Commercial Bank, has $1.4 billion in lines of credit in place.
The bank operates 166 branches in Fairfield and Westchester counties.