FirstFed America Bancorp Inc.

FirstFed America Bancorp, Inc. was acquired by Webster Financial Corp. FirstFed America Bancorp, Inc. operates as the holding company of First Federal Savings Bank of America. As March 31, 2003, the company conducted business from its main office at Swansea, Massachusetts; 25 other banking and insurance offices in Massachusetts and Rhode Island; and 14 loan centers in Massachusetts, Rhode Island, Connecticut, and Maryland. It is a community-oriented financial institution offering various financial products and services to meet the needs of the communities it serves. The company’s principal business is to attract retail and business deposits in the areas surrounding its banking and insurance offices; and investing those deposits, together with funds generated from operations and borrowings, primarily in residential, commercial, and consumer loans and residential mortgage-backed securities. It offers various deposit accounts with a range of interest rates and terms. The deposits consist of business checking, money market, savings, NOW, and certificate accounts. Through its banking and insurance offices and five loan origination centers, the company originates loans for investment and loans for sale in the secondary market, generally retaining the servicing rights to loans sold. The company primarily invests in mortgage-related securities consisting of mortgage-backed pass-through securities and collateralized mortgage obligations guaranteed by government agencies. FirstFed America Bancorp was founded in 1946.