UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 30, 1996
WEBSTER FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-15213 06-1187536
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Webster Plaza, Waterbury, Connecticut 06720
(Address of principal executive offices)
Registrant's telephone number, including area code: (203) 753-2921
Not Applicable
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
Webster Financial Corporation ("Webster") announced that it has
received approval from its primary regulator, the Office of Thrift Supervision
to acquire DS Bancor, Inc. ("DS Bancor") on a stock for stock basis in a
tax-free exchange. Shareholders of DS Bancor will receive 1.14158 shares of
Webster common stock for each share of DS Bancor common stock. Such press
release is filed as Exhibit 99 hereto and is incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
99. Press Release of Webster dated December 30, 1996.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WEBSTER FINANCIAL CORPORATION
(Registrant)
/s/ John V. Brennan
--------------------
John V. Brennan
Executive Vice President,
Chief Financial Officer
and Treasurer
Date: January 2, 1997
Media Christopher Capot Investor John V. Brennan
Contact: (203) 578-2461 Contact: (203) 578-2335
WEBSTER FINANCIAL CORPORATION RECEIVES FEDERAL REGULATORY APPROVAL
TO PURCHASE DS BANCOR, INC.
WATERBURY, CONNECTICUT, December 30, 1996 -- Webster Financial Corporation
(NASDAQ: WBST) has received approval from its primary regulator, the Office of
Thrift Supervision, to purchase DS Bancor Inc., the holding company of Derby
Savings Bank. When the merger is completed, DS Bancor shareholders will receive
1.14158 shares of Webster common stock for each share of DS Bancor common stock.
Webster and DS Bancor shareholders will vote on the proposed acquisition in
separate shareholder meetings on January 30, 1997. The Banking Commissioner for
the State of Connecticut must also approve the acquisition.
"Our plans to acquire DS Bancor, Inc. are proceeding as scheduled," said Webster
Chairman and Chief Executive Officer James C. Smith. "This acquisition will
expand Webster's franchise and further solidifies Webster's position as a
strong, independent, Connecticut-based bank with a bright future." Webster
anticipates closing the transaction in the first quarter of 1997.
Webster Financial Corporation, headquartered in Waterbury, Connecticut, is the
holding company for Webster Bank. Webster has 65 banking offices extending from
the Massachusetts border through central Connecticut to Long Island Sound.
Webster provides financial services to individuals and businesses throughout
Connecticut.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy or shall there be any sale of securities in any state in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
