0001005150-03-000624 Sample Contracts

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SUBSIDIARIES
Exhibit 21 - Subsidiaries • March 21st, 2003 • Webster Financial Corp • Savings institution, federally chartered

Webster Bank, a federally chartered savings bank, is a direct subsidiary of Webster. Webster also owns all of the common securities of Webster Capital Trust I and Webster Capital Trust II and all of the common stock of Webster Insurance, Inc. formerly named Damman Associates, Inc., Fleming, Perry & Cox, Inc., and Webster D&P Holdings, Inc. Webster D&P Holdings, Inc. owns a 73.6% interest in Duff & Phelps, LLC. Webster Capital Trust III is also a subsidiary of Webster, however, this Delaware business trust is inactive and uncapitalized. Webster Bank has eight wholly-owned subsidiaries: Webster Trust Company, National Association, FCB Properties, Inc., Webster Investment Services, Inc., Access National Mortgage Inc., Webster Mortgage Investment Corporation, MyWebster, Inc., Center Capital Corporation, and Whitehall Business Credit Corporation. Access National Mortgage, Inc. owns 100% of the equity interests of Nowlending, LLC. Webster Bank also directly owns all of the outstanding common

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