HSA Bank

HSA Bank (Division of Webster Bank, N.A., Member FDIC)

Headquarters	Milwaukee/Sheboygan, Wisc.
Key People	Charles "Chad" Wilkins, EVP of Webster Bank and head of HSA Bank Itamar Romanini, SVP, Director of Business Development and Sales; Kevin Robertson, SVP, Director of Sales; Jason Kessler, SVP, Director of Product Management; Mark Siebold, SVP, Director of Marketing; Charlotte Kienbaum, SVP, Director of Operations and Contact Center; Tim Patneaude, SVP, Director of IT and PMO
Industry	Consumer-directed healthcare; financial services
Products	HSA, FSA, HRA, Commuter Benefits
Revenue (Webster Bank, N.A., Member FDIC)	700 million USD (FY 2005)
Employees (Webster Bank, N.A., Member FDIC)	Approximately 3,000
Type	Public (: WBS)
Website	www.hsabank.com

Charles "Chad" Wilkins, EVP of Webster Bank and head of HSA Bank

HSA Bank is one of the nation's oldest and largest health savings account (HSA) administrators. Based in Milwaukee and Sheboygan, Wisconsin, the company focuses on the administration, service, and support of health accounts including Health Savings Accounts, Flexible Spending Accounts, and Health Reimbursement Arrangements. It serves more than 2 million members with over 5 billion dollars in total assets.

In 1997, HSA Bank entered the consumer-directed healthcare market by providing medical savings accounts (MSA) to small employers and the self-employed. Since the passage of the Medicare Prescription Drug, Improvement and Modernization Act in 2003 and the creation of health savings accounts in 2004, HSA Bank has serviced and administered health savings accounts to companies of all sizes as well as individuals.

HSA Bank is a division of Webster Bank, N.A., Member FDIC, a subsidiary of Webster Financial Corporation ( symbol: WBS).

HSA Bank began as the State Bank of Howards Grove, which opened in January 1913 in northern Sheboygan County. This rural, community bank would become HSA Bank decades later.

In 1997, State Bank of Howards Grove entered the consumer-driven healthcare market by providing MSAs.

In May 2002, the bank acquired approximately 7,000 accounts and $20 million in balances from Citizens Bank, which was in the process of merging Mellon Bank’s retail business.

State Bank of Howards Grove also began using the trade name MSA Bank in 2002.

After the advent of health savings accounts in 2004, MSA Bank redirected its energy and resources on HSAs and changed its name to HSA Bank.

In March 2005, HSA Bank officially became a division of Webster Bank, N.A., Member FDIC, a subsidiary of Webster Financial Corporation.

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