HSA Bank is One of the Largest Providers of Emergency Savings Accounts
HSA Bank, a division of Webster Bank N.A. ("Webster Bank"), and Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, today announced that it has acquired Secure Inc. (d/b/a SecureSave), a leading provider of employer-sponsored emergency savings accounts (ESAs).
HSA Bank, one of the nation's leaders in healthcare savings and spending accounts, becomes one of the largest providers of emergency savings accounts in the country. SecureSave will continue to operate with its current platform and serve its clients who will benefit from HSA Bank's suite of products.
"This acquisition continues our commitment to deepening our expertise and capabilities in our Healthcare Financial Services segment," said Luis Massiani, President and Chief Operating Officer, Webster Bank. "Adding SecureSave to our portfolio reinforces our ongoing efforts to provide clients with enhanced products and solutions to serve their dynamic needs."
"Employers offering an emergency savings solution through payroll deductions can help give employees peace of mind and prepare for unplanned life events," said Chad Wilkins, President, HSA Bank. "HSA Bank is excited to add emergency savings accounts to help employees take control of their financial health and wealth journey."
"SecureSave is excited to be part of HSA Bank's growing resources for employers who want to help their employees manage complex decisions on wealth," said Devin Miller, Co-Founder and Chief Executive Officer, SecureSave. "We look forward to continuing to help our clients and remain focused on our mission to help employees save for emergencies."
Terms of the transaction, which was completed effective December 4, 2025, were not disclosed. SecureSave was advised on the transaction by SenaHill Partners.
About Webster Financial Corporation:
Webster Financial Corporation ("Webster") (NYSE:WBS) is the holding company for Webster Bank, N.A. ("Webster Bank"). Founded in 1935 and headquartered in Stamford, CT, Webster is a values-driven organization with more than $80 billion in total assets. Webster Bank is a commercial bank that provides a wide range of financial products and services to businesses, individuals, and families across three differentiated lines of business: Commercial Banking, Healthcare Financial Services, and Consumer Banking. While its core footprint spans the Northeast from the New York metropolitan area to Rhode Island and Massachusetts, certain businesses operate in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
About HSA Bank:
At HSA Bank, we are working toward a world where everyone is confidently engaged with their health and wealth. By delivering personalized insights, experiences, and solutions, we make it simple for our nearly 4 million members nationwide to drive value and tangible outcomes. As one of the leaders in health accounts for over two decades, we have the depth and breadth of expertise that matters most. We are devoted to delivering an outstanding user experience and our offerings in the healthcare savings space drive down healthcare costs, increase access, and assist with decision-making for individuals, employers and partners. As of Sept. 30, 2025, HSA Bank had $15.4 billion in total footings, comprising $9.1 billion in deposit balances and $6.3 billion assets under administration through linked investment accounts. HSA Bank is a division Webster Bank, N.A., Member FDIC Plan Administrative Services and Benefit Services are administered by Webster Servicing LLC. To learn more visit HSABank.com.
About SecureSave:
SecureSave is an easy-to-use, low-cost workplace emergency savings solution that is designed to enhance employee financial wellness. Co-founded by Devin Miller, Bassam Saliba, and Suze Orman, SecureSave helps consumers prepare for unexpected expenses without jeopardizing long-term financial security.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251204804852/en/
Media Contact:
Alice Ferreira, 203-578-2610
acferreira@websterbank.com
Investor Contact:
Emlen Harmon, 212-309-7646
eharmon@websterbank.com