Milwaukee, Wis.-based HSA Bank recently added emergency savings accounts to its business by acquiring SecureSave..The deal, completed Dec. 4, grew HSA Bank’s capabilities in the health care financial services space and strengthened its position as a significant provider of emergency savings accounts. HSA Bank is a division of $80 billion, Stamford, Conn.-based Webster Bank.Financial terms of the transaction were not disclosed. HSA Bank serves nearly 4 million members nationwide and, as of Sept. 30, reported $9.1 billion in deposits and $6.3 billion in assets under administration.“This acquisition continues our commitment to deepening our expertise and capabilities in our health care financial services segment,” said Webster Bank President and Chief Operating Officer Luis Massiani. “Adding SecureSave to our portfolio reinforces our ongoing efforts to provide clients with enhanced products and solutions to serve their dynamic needs.”
