Webster Bank NA, a subsidiary of Webster Financial Corp. based in Waterbury, Conn., has announced plans to reorganize and streamline its mortgage banking group to maximize support for Webster's direct and retail banking activities.Webster said it will discontinue wholesale and correspondent loan originations, reflecting a "strategic focus on direct banking activities in its core New England franchise." The reorganization will result in a reduction of staffing levels, mostly in Connecticut, the bank said. The company can be found on the Web at http://www.websteronline.com.
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