Webster Financial in Stamford, Conn., has acquired a provider of employer-sponsored emergency savings accounts.
The $80 billion-asset company said in a press release that its HSA Bank division bought SecureSave. The price wasn’t disclosed.
The acquisition “continues our commitment to deepening our expertise and capabilities in our Healthcare Financial Services segment,” Luis Massiani, Webster Bank’s president and chief operating officer, said in the release. “Adding SecureSave to our portfolio reinforces our ongoing efforts to provide clients with enhanced products and solutions to serve their dynamic needs.”
SecureSave was advised by SenaHill Partners.