Webster Financial (WBS) Reports Acquisition of Health Savings Accounts from State Farm Bank
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HSA Bank to Acquire Health Savings Accounts from State Farm Bank
April 20, 2020 4:02 PM EDTWATERBURY, Conn., April 20, 2020 /PRNewswire/ --Â Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that HSA Bank has signed a definitive agreement to acquire the existing health savings accounts (HSA) of State Farm Bank, F.S.B., a subsidiary of State Farm Mutual Automobile Insurance Company, America's largest property and casualty insurance provider. This acquisition offers State Farm Bank's HSA accountholders new and easy ways to manage their healthcare spending and saving through an industry-leading HSA provider with more than two... More
