Webster Bank said it plans to expand its business lending by $400 million in 2010, providing more than $850 million in new loans to businesses this year.

"Our economy is at an inflection point and poised to resume growth," said James C. Smith, Webster chairman and CEO. "As the largest independent commercial bank headquartered in New England, we believe we have a special responsibility to provide the credit that businesses in our region need to grow and get Americans back to work. By announcing our intent to expand our lending to small- and medium-sized businesses by over $400 million in 2010, we are reminding New England businesses that Webster Bank is here to help them to achieve their financial goals."

Smith added, "Helping customers during difficult times is part of Webster’s DNA. My father founded this bank in 1935 during the depths of the Great Depression to help hard-working families to build their own homes at a time when it was very difficult to get such loans. Today, businesses and consumers can look to Webster for all of their banking needs."

The bank serves businesses, consumers and governmental entities stretching from Boston’s financial district through Westchester County in New York with 181 branches, 492 ATMs, and an online presence.