Revenue Grows, and So Do Expenses, as Webster Expands into Boston

Webster Financial's profits barely grew in the third quarter from a year earlier, as solid revenue gains were offset by increased costs from the Waterbury, Conn., lender's expansion into Boston.

source http://www.americanbanker.com/news/national-regional/revenue-grows-and-so-do-expenses-as-webster-expands-into-boston-1092062-1.html