Daily News: September 24, 2015

Webster Bank Business Credit Expands, Opens Office in Atlanta

Webster Bank announced that Webster Bank Business Credit (WBCC), its regional asset-based lending subsidiary based in New York City, continued its strategic initiative to expand geographically by opening an office in Atlanta. William Greene, III, senior vice president, WBCC, will head the office.

“This is a homecoming as well as an opening,” said Warren Mino, executive vice president and director of WBCC. “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 to $500 million in revenue and international needs.

Webster said that WBCC currently has $289.4 million in commitments in the southeastern U.S. WBCC, which is part of Webster’s Commercial Bank, has $1.4 billion in lines of credit in place.