Our News

Local Nonprofits Receive $91,000 Boost from Webster Five Foundation

September 10, 2024 -
The Webster Five Foundation is pleased to announce that 18 Massachusetts nonprofit organizations will benefit from $91,000 in grants.

Webster Five Welcomes Sr. Mortgage Loan Originator David Sampson

July 8, 2024 -
(July 8, 2024) Auburn, MA – Webster Five is pleased to announce the addition of David Sampson to the Bank’s team as a Senior Mortgage Loan Originator. With over 20 years of experience in home lending and an extensive knowledge of the local market, Sampson is poised to enhance the Bank’s mortgage services. “I believe […]

Webster Five Foundation Champions Local Nonprofits with Over $62,000 in Charitable Giving

June 27, 2024 -
Donations to benefit 17 Massachusetts organizations.

Webster Five Announces Retirement of President/CEO, Don Doyle; Brian Westerlind, COO/CFO to Take Over in July 2025

June 13, 2024 -
CEO and President Don Doyle has announced he will retire on July 1, 2025 after 20 years with Webster Five and 9 years at the helm.

Beyond Banking: Webster Five and Community Legal Aid Partner for Expanded Access to Justice

May 16, 2024 -
Webster Five recently marked a significant milestone by enrolling as a Massachusetts IOLTA Leadership Institution with the support of local nonprofit Community Legal Aid.

The Webster Five Foundation Awards Over $79K in Grants to Local Nonprofits

March 28, 2024 -
20 organizations to receive funding for projects serving the community.

Webster Five Announces New Roles in Senior Leadership

January 11, 2024 -
Webster Five is entering the new year with an expanded senior leadership team to assist the Bank’s growing demand and operations.

The Webster Five Foundation Gives Local Nonprofits a Boost

November 28, 2023 -
Up to $38,000 in grants to be awarded to community organizations.

Webster Five Donates $25,000 to WCAC Emergency Fuel Fund

November 9, 2023 -
Vulnerable households to benefit from first major donation to WCAC for the 2023-24 season

The Webster Five Foundation Awards $75,000 to Local Nonprofits

September 5, 2023 -
The Webster Five Foundation is thrilled to announce that they have awarded $75,000 in grants to 14 organizations.

Webster Five Welcomes Cristina Morrissiey, SVP Retail Branch Network Manager

June 7, 2023 -
(June 7, 2023) Auburn, MA – Webster Five is pleased to announce that Cristina Morrissiey has joined the Bank as SVP Retail Branch Network Manager. Morrissiey will be responsible for the sales, service, and operational leadership of the Webster Five branch network. She will have management oversight of all aspects of the branch banking experience, […]

Webster Five Receives “Outstanding” CRA Rating

June 5, 2023 -
In its most recent evaluation by the Massachusetts Division of Banks and the Federal Deposit Insurance Corporation, Webster Five was awarded an “Outstanding” rating for community reinvestment, the highest possible rating available.

Webster Five donates $10,000 to Auburn Youth and Family Services

April 12, 2023 -
The Webster Five Foundation donated $10,000 to Auburn Youth and Family Services to support their youth and family mental health services.

Webster Five donates $25,000 to African Community Education

January 6, 2023 -
AUBURN, Mass. – Webster Five made a donation of $25,000 to African Community Education (ACE), a Worcester organization dedicated to assisting African refugees and immigrant youth and families in achieving educational and social stability. The donation will go towards their campaign to renovate the new ACE Center and expand program access. ACE’s programs include after […]

Webster Five Announces Partnership With YWCA

December 8, 2022 -
Webster Five is pleased to announce an exclusive relationship, including a $15,000 grant, with the YWCA Central Massachusetts to provide financial seminars for domestic violence survivors.

Webster Five Foundation donates $25,000 to WCAC Emergency Fuel Fund

November 2, 2022 -
 Auburn, MA  – Webster Five recently made a donation of $25,000 to bolster Worcester Community Action Council’s (WCAC) Emergency Fuel Fund. With retail prices for energy at or near multi-year highs across the United States, WCAC is bracing for an extremely challenging winter heating season, having already seen an increase of more than 200% in […]

Webster Five Donates $35,000 to Help Meet Families’ Basic Needs

December 13, 2021 -
(December 13, 2021) Auburn, MA – With temperatures dropping and prices for goods continuing to rise, Webster Five is donating $35,000 to help local families facing food insecurity and surging home heating costs. The bank is giving $20,000 to the Worcester County Food Bank, $10,000 to the Worcester Community Action Council’s Low Income Home Energy […]

Webster Five Donates $4,000 to Quinsigamond Community College Foundation

August 23, 2021 -
(August 23, 2021) Webster, MA – The Webster Five Foundation has announced that as part of the Web of Caring to Make a Difference program, it has donated $4,000 to the Quinsigamond Community College Foundation. This donation will assist the Foundation and its QCC Student Emergency Aid Fund, which was created to provide timely financial […]

Webster Five hires Tracey Myers as VP, Retail Branch Network

August 18, 2021 -
(August 19, 2021) Webster, MA – Webster Five Cents Savings Bank has hired Tracey Myers, Vice President, Retail Branch Network. In this role, Tracey will be responsible for the sales, service, and operational leadership of the Webster Five branch network. She will have management oversight of all aspects of the branch banking experience, including training, employee […]

Webster Five Donates $5,000 to Auburn Youth and Family Services

July 29, 2021 -
(July 29, 2021) Webster, MA – The Webster Five Foundation has announced that as part of the Web of Caring to Make a Difference program, it has donated $5,000 to Auburn Youth and Family Services (AYFS). The donation will help fund the support programs and services AYFS offers year-round, including counseling, tutoring, advocacy, information and […]

Webster Five Donates $2,500 to Webster Water Ski Collective

July 29, 2021 -
(July 29, 2021) Webster, MA – The Webster Five Foundation has announced that as part of the Web of Caring to Make a Difference program, it has donated $2,500 to Webster Water Ski Collective. This donation will assist Webster Water Ski Collective in purchasing equipment used by disabled individuals who participate in their Adaptive Ski […]

Webster Five Moves Corporate Offices to Auburn

July 16, 2021 -
(July 13, 2021) Auburn, MA – Webster Five has finalized its relocation of the bank’s corporate offices to 35 Millbury Street in Auburn, Massachusetts. The bank has completed an extensive redesign of the existing 39,000 square-foot building, creating an inviting and collaborative workspace for its employees. The consolidation of more than 100 team members from […]

Webster Five Donates $1,000 to Mission E4

April 26, 2021 -
((April 26, 2021) Webster, MA – The Webster Five Foundation has announced that as part of the Web of Caring to Make a Difference program, it will donate $1,000 to Mission E4. The donation will help support their Youth Enrichment Program which works to provide a safe space and nurturing community for at-risk youth in […]

Webster Five Donates $5,000 to Entrepreneurship for All

April 26, 2021 -
(April 26, 2021) Webster, MA – The Webster Five Foundation has announced that as part of the Web of Caring to Make a Difference program, it will donate $5,000 to Entrepreneurship for All (EforAll). This donation will greatly assist EforAll in its mission to support under-represented entrepreneurs in the Greater Worcester area who want to […]

Webster Five Donates $10,000 to Worcester Historical Museum

April 26, 2021 -
(April 26, 2021) Webster, MA – The Webster Five Foundation has announced that as part of the Web of Caring to Make a Difference program, it will donate $10,000 to the Worcester Historical Museum. The donation will help support the creation of the Major Taylor Museum to honor the legacy of Worcester’s Marshall “Major” Taylor, […]

Webster Five hires Kathryn Megraw as Senior Vice President, Chief Information Officer

April 22, 2021 -
(April 21, 2021) Webster, MA – Webster Five Cents Savings Bank has hired Kathryn Megraw, Senior Vice President, Chief Information Officer. Kate will be providing strategic leadership, direction and management oversight for the Operations department, including the Information Technology, Business Systems, and Deposit Operations departments. Kate will join the senior management team and deliver technology-based […]

Webster Five donates $25,000 to the Worcester County Food Bank

December 21, 2020 -
(December 21, 2020) Webster, MA – Webster Five announced that it has donated $25,000 to Worcester County Food Bank to support their efforts in meeting the increased demand for food resources in the wake of the COVID-19 pandemic. This funding will help support the distribution of donated food to its network of food pantries throughout […]

The Webster Five Foundation Donates $218,500 to 70 Non-profits in 2020

December 9, 2020 -
(December 9, 2020) Webster, MA – The Webster Five Foundation announced that it donated $218,500 to 70 local non-profit organizations in 2020 as part of the Web of Caring to Make a Difference program. The Foundation made many donations this year that continue to have a significant impact on Worcester-area communities, especially in a year […]

Webster Five hires Izzy Cruz as Assistant Vice President, Senior Branch Manager

October 14, 2020 -
(October 14, 2020) Webster, MA – Webster Five Cents Savings Bank has hired Izzy Cruz, Assistant Vice President, Senior Branch Manager at their Shrewsbury branch office location. Izzy comes to Webster Five with over 15 years of experience working in the banking industry. Most recently, Izzy held the position of Vice President, Branch Manager at […]

Webster Five hires Brian McEvoy as Senior Vice President, Senior Retail Banking Officer

June 25, 2020 -
(June 25, 2020) Webster, MA – Webster Five Cents Savings Bank has hired Brian McEvoy, Senior Vice President, Senior Retail Banking Officer to lead the Retail Banking division. Brian will join the senior management team and design and execute the bank’s retail growth strategy, with a focus on digital branch transformation, sales and service culture, […]

Webster Five Chairman of the Board, Daniel Ivascyn, retires, Stephen Charniak to replace him

June 2, 2020 -
(June 2, 2020) Webster, MA – Webster Five announced on Wednesday, May 20, 2020 that Daniel W. Ivascyn has retired from his position as Chairman of the Board at Webster Five and that the Board of Directors has appointed Stephen H. Charniak, succeeding him in this role. Dan Ivascyn had a long and storied 46 […]

Webster Five announces a donation to Jeremiah’s Inn

March 3, 2020 -
Webster Five announces a donation to Jeremiah’s Inn. which will help support Jeremiah’s Inn’s Nutrition Center, which houses a food pantry, to alleviate hunger for more than 8,000 low-income Worcester residents annually.

Webster Five CEO Donald Doyle signs pledge to advance diversity and inclusion

February 25, 2020 -
Webster Five has become the first Worcester County based bank to join CEO Action for Diversity & Inclusion™, pledging to advance diversity and inclusion in the workplace. By signing on to this commitment, Don Doyle and Webster Five pledge to take action to cultivate a workplace where diverse perspectives and experiences are welcomed and respected.

Webster Five announces a donation to Shrewsbury Youth and Family Services

January 27, 2020 -
Webster Five announces a donation to Shrewsbury Youth and Family Services that will help support the expansion of their services including a diverse offering of programs and services that help strengthen and support youth and families regardless of their ability to pay.

The Webster Five Foundation announces a donation to the Joy of Music Program

January 27, 2020 -
The Webster Five Foundation announces a donation to the Joy of Music Program that will help support their Financial Aid Program for students throughout the greater Worcester area, regardless of income, to receive high quality music instruction.

The Webster Five Foundation announces donation to the YWCA Central Massachusetts

August 21, 2019 -
The Webster Five Foundation announces a donation to YWCA Central Massachusetts to help to enable the them to provide services more effectively and expand their capacity in their planned renovations of their Salem Square facility in Worcester.

The Webster Five Foundation announces donation to the Thompson Ecumenical Empowerment Group

August 13, 2019 -
The Webster Five Foundation announces a donation to the Thompson Ecumenical Empowerment Group to help support the group’s adolescent mentoring programs in 2019.

The Webster Five Foundation announces donation to Creative Hub Worcester

July 26, 2019 -
The Webster Five Foundation announces a donation to Creative Hub Worcester to help support Creative Hub Worcester in their mission to provide affordable and accessible opportunities in the arts for all Worcester area community members, with a focus on at-risk and underserved youth.  

The Webster Five Foundation announces donation to VNA Care

April 1, 2019 -
The Webster Five Foundation announces donation to VNA Care to help support education and screening programs.

The Webster Five Foundation announces donation to MA Audubon Society

April 1, 2019 -
The Webster Five Foundation has donated $4,735 to Massachusetts Audubon Society, Inc. to support a Family Day in 2019 at their Pierpont Meadow Wildlife Sanctuary in Dudley.

New MLO Joins Mortgage Team – Meet Candido Diaz

February 1, 2019 -
Webster Five adds Candido Diaz to the retail lending team.

Difference Maker Awards Celebration

November 5, 2018 -
Webster Five hosted the Difference Maker Awards at the Mercantile Center in downtown Worcester on Sept. 13 in order to recognize the winners of its Share the Care contests.

New AVP Retail Administration Operations Manager

August 1, 2018 -
Webster Five Cents Savings Bank hired Hildee Lewis as Assistant Vice President, Retail Administration Operations Manager.

New Account Opening Procedure for Businesses

May 11, 2018 -
New federal regulations require all banks to ask "beneficial owners" of businesses for identifying information when opening new accounts.

Shrewsbury Branch Manager Promoted to AVP

May 7, 2018 -
Webster Five promotes Cheryl Pedjoe, Shrewsbury Branch Manager, to Assistant Vice President.

New AVP in Business Systems Department

May 1, 2018 -
Webster Five promotes Diane Ferreira to Assistant Vice President, Business Systems Officer.

New MLO Joins Mortgage Team – Meet Rosa Nguyen

May 1, 2018 -
Webster Five adds Rosa Nguyen, mortgage loan originator, to the team.

Supporting Domestic Violence Safety and Prevention

April 1, 2018 -
Webster Five donates $3,000 to the YWCA Central Massachusetts to help fund the Domestic Violence Community Based Services program.

Head Start in Webster Coming Soon

March 27, 2018 -
The Webster Five Foundation donates $25,000 to Worcester Community Action Council (WCAC) to fund a new four-classroom Head Start center in Webster, Massachusetts.

Supporting Expansion of New Webster Library

March 20, 2018 -
The Webster Five Foundation donates $150,000 to Friends of the Chester C. Corbin Library Inc. as part of the Web of Caring to Make a Difference program.

Funding Family Support Programs

February 23, 2018 -
Webster Five donates $5,000 to Auburn Youth and Family Services (AYFS).

New Director of Retail Lending

February 1, 2018 -
Webster Five names Darryl Caffee, Esq., as Vice President/Director of the Retail Lending department.

Business Lender Rejoins WebFive for Business Team

January 25, 2018 -
Webster Five announced the addition of Patrick Royce, Vice President, Business Lending Officer to the Business Banking Division.

New AVP in Credit Department – Meet Karen Kagan

January 20, 2018 -
Webster Five announces the promotion of Karen Kagan, Credit Officer, to Assistant Vice President.

Helping Local Youth Achieve Employment Goals

December 20, 2017 -
Webster Five Foundation donated a total of $10,000 to the Bridge of Central Massachusetts to help fund the Youth Employment Project.

Family Food Pantry Support

December 5, 2017 -
Webster Five Foundation donates $2,000 to Thompson Ecumenical Empowerment Group (TEEG).

New Assistant Manager at Front Street Branch

November 20, 2017 -
Webster Five announces the promotion of Brianna Balise from Senior Personal Banking Specialist to Assistant Branch Manager of the Front Street, Worcester branch.

New SVP, Senior Lending Officer to Lead Business Banking Division

November 13, 2017 -
Webster Five has hired Christopher Watson, Senior Vice President, Senior Lending Officer to lead the Business Banking Division alongside Russ Dye, current SVP, Senior Lending Officer, who will be retiring on March 30, 2018.

Business Lending Officer Joins WebFive for Business Team

November 10, 2017 -
Webster Five has hired Monica Thomas-Bonnick, Vice President, Business Lending Officer III to join the Business Banking Division.

Changes to Electronic Payment Processing

September 15, 2017 -
New developments are happening in the payment industry, which means you can now receive money quicker and send money to your friends and family faster.

Equifax Data Breach

September 8, 2017 -
143 million American consumers may have had their sensitive personal information exposed.

Loan Originator Promoted to AVP, Mortgage Sales Manager

August 1, 2017 -
Webster Five Cents Savings Bank announces that Nicholas Lynch has been promoted to Assistant Vice President, Mortgage Sales Manager.

Community Housing Support

July 25, 2017 -
Webster Five donates $11,000 to Worcester Community Housing Resources, Inc.

Supporting Father Brooks House

July 20, 2017 -
The Webster Five Foundation donates $4,000 to Dismas House of Massachusetts, Inc to support utility costs at the Father Brooks House.

Support for Learning Center Growth

July 7, 2017 -
The Webster Five Foundation donates $5,000 to the Boys & Girls Club of Worcester to support arts & education programs.

Retail Lending Operations Manager Named AVP

July 1, 2017 -
Webster Five announces that Peter Quigley, Retail Lending Operations Manager, has been promoted to Assistant Vice President.

Access to Translation Services

June 20, 2017 -
Webster Five donates $5,000 to Community Legal Aid, Inc for the organization’s interpretation and translation expenses in Worcester County.

Indian Princess – Presented by Webster Five!

June 1, 2017 -
We're excited to support the Indian Princess as it embarks on all of its journeys this summer. We hope you take advantage of the summer concerts at Indian Ranch and the relaxing rides on the lake, brought to you by Webster Five!

Emergency Medical Equipment for Local League

May 25, 2017 -
Webster softball league, Webster Fastpitch, receives $1,300 for AED Defibrillator.

Marketing Manager Named AVP

May 20, 2017 -
Holly Deslauriers, Marketing Manager, has been promoted to the position of Assistant Vice President.

Funding Equipment & Vehicle Maintenance

May 10, 2017 -
Webster Five donates $3,000 to My Choice Programs, Inc to support their transportation program.

Operations Department Adds Business Systems Manager

May 1, 2017 -
Sam Bitar, Assistant Vice President Business Analyst has been promoted to Vice President, Business Systems Manager, a new position for the operations team.

New AVP in Credit Department – Meet Amanda Coccia

April 28, 2017 -
Amanda Coccia, Credit Officer, has been promoted to the position of Assistant Vice President.

Promotions Within Business Services Department

February 20, 2017 -
Webster Five announces the promotion of Jane Cullen to Vice President, Business Services Manager and Anjena Kuzdzal, promoted to Business Services Officer.

New Manager at 100 Front Street Branch

February 16, 2017 -
Webster Five hired G. Warren Manigault III as Assistant Vice President, Senior Branch Manager of the Front Street, Worcester location.

Preschoolers Get Summer Science Fun

February 1, 2017 -
The Webster Five Foundation donates $5,000 to Rainbow Child Development Center and their Summer Science Program.

Assisting Elders with Money Management

January 5, 2017 -
The Webster Five Foundation donates $5,000 to Tri-Valley, Inc in support of the Money Management Program.