CHICAGO - Webster Bank NA has entered into a new five-year agreement with Jones Lang LaSalle for the management of its 168 owned and leased branches as well as its seven regional hubs and other corporate facilities.
"By partnering with JLL, we will gain new and essential capabilities to identify the best locations and designs for both new and existing retail and corporate facilities, while helping us reduce our energy and maintenance costs," Webster's president and chief operating officer, Jerry Plush, says in a press release. "JLL also will help us plan effectively for our future corporate space needs, among other benefits.”
As part of this new relationship with JLL, members of Webster's corporate real estate services group will be provided opportunities to work for JLL supporting Webster or to pursue related opportunities.
Separately, Webster extended its existing contract for core transaction processing services and expanded its information technology partnership with Fidelity Information Services to include additional products and services.
Chicago-based JLL provides property and corporate facility management services for more than 2.1 billion square feet of property in more than 1,000 cities in 70 countries. JLL has approximately 45,500 employees.
Webster Bank is a regional bank serving businesses and consumers from Westchester County, NY, to Boston. It is the operating subsidiary of Webster Financial Corp. and has $20 billion in assets.
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