Solutions in action

Trust, respect, personal attention and creative solutions are the foundation of our customer relationships. Read how we help Webster Private Bank clients with their financial goals.

Body (Limited)

Business succession

 

Selling your business

Situation

The owner of a privately held industrial business required a financial team to oversee a sale of the business and manage the resulting liquid wealth.

Outcome

We conducted a full-scale analysis of the seller's finances, working with their external advisors, to develop a comprehensive succession plan. The company was sold to a third party and our client has entrusted our team to manage the liquid assets.

 

Tailored credit

 

Limiting liquid assets

Situation

The owner of a closely held business sold to a Fortune 500 company and was looking for expedited payments from the buyer to free up capital for a real estate construction project.

Outcome

We underwrote the buyer’s credit worthiness and ultimately extended credit annually over three years to complete the purchase.

 

Financial planning

 

Protecting increased assets

Situation

A father and son sold their closely held business but had not considered the impact to their overall estate plan.

Outcome

We created an investment strategy that integrated estate planning and funded family trusts, which mitigated the family’s tax liability.

 

Disclosures

Investment, trust, credit and banking services are offered by Webster Private Bank, a division of Webster Bank, N.A.

Investment products offered by Webster Private Bank are not FDIC or government insured; are not guaranteed by Webster Bank; may involve investment risks, including loss of principal amount invested; and are not deposits or other obligations of Webster Bank.

Webster Private Bank is not in the business of providing tax or legal advice. Consult with your independent attorney, tax consultant or other professional advisor for final recommendations and before changing or implementing any financial, tax or estate planning advice.

All credit products are subject to the normal credit approval process.