Webster Bank

So Birdies for Charity is through the Travelers Championship.

Webster Bank collaborates with them.

And if you donate to our Birdies for Charity link, Webster Bank matches 15%.

Wow.

Three years ago, we got $5,000.

Every donation, you got to get the donations.

Yes.

But Webster Bank matches it.

And so, so that's what, that's what attracted me.

But I, I remember my first week on the job at Webster Bank, coming from larger organizations-

[laughs]

... and then the head of our deposit business came by to talk to me, and, and he also had left Citi, I think, to join-

Yeah, I think about that one experience that I think challenged me, and I still have some scars from it.

[laughs]

Uh, it was actually at Webster Bank.

Mm-hmm.

the two things really like came together both this yeah investor this family office that's based here that became our um anchor and then those like uh relationships with marcus and bruce um we were thinking and bruce had had this like thesis for a while about building a purpose-driven fun it just felt like he was at the point of his career in terms of like wanting to do that.

Marcus had built this really amazing company that he exited a couple years ago called Amitros and he sold that to Webster Bank but had like a core operator experience as well as like finance, DNA, had a mix of a variety of things plus this more impact-driven experience at Andreessen and so we're like I think I think we can do this.

We could make a good team.

Yeah, I think we'd make a good team to go out and do this.

So unlike most ProcureTech CEOs, I actually spent 25 years in procurement.

So I've been a chief procurement officer for two organizations that you may or may not know, like Fannie Mae, QBE, Webster Bank, Citizens Bank.

So I've been around the block a few times.

So talking about what you guys talked about today about partnerships, like I've seen both sides of that, not just as a CEO, but also as a procurement guy trying to make partnerships work, which is kind of fun, right?

some who've also killed people in remarkably vicious ways.

So here we have the reference to these IOLTA accounts that I just described to you at South Shore Bank and Webster Bank and other banks.

So count one.

Count one is a misuse of client funds.

Targets between 1 billion and 25 billion, it dropped 35% from 227 days to 148.

There was one acquisition, Santander's acquisition, which was a $12.3 billion acquisition of Webster Financial.

That closed in just 74 days.

And we're seeing almost a dozen new deals this month alone.