HSA Bank a company providing a suite of consumer-directed health (CDH) accounts. It offers Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs) and Commuter Benefits (Mass Transit and Parking).

Employee Rating

2.9More
TypeSubsidiary
Parent CompanyWebster Financial
HQSheboygan, US
Founded1997
Websitehsabank.com
Cybersecurity ratingBMore
HSA Bank was founded in 1997 and is headquartered in Sheboygan, US

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Key People/Management at HSA Bank

Chad Wilkins

Chad Wilkins

President
Tim Patneaude

Tim Patneaude

Executive Vice President, Chief Operating Officer
Greg Madar

Greg Madar

Senior Vice President, Chief Financial Officer
Kevin Robertson

Kevin Robertson

Senior Vice President, Chief Revenue Officer
Stephanie Meyer

Stephanie Meyer

Senior Vice President, Chief Marketing Officer
Ed Seaver

Ed Seaver

Senior Vice President, Director of Relationship Management
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HSA Bank Office Locations

HSA Bank has offices in Sheboygan and Milwaukee
Sheboygan, US (HQ)
605 N 8th St #320
Milwaukee, US
1515 N River Center Dr #235
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HSA Bank Financials and Metrics

Summary Metrics

Founding Date

1997
HSA Bank is a subsidiary of Webster Financial

HSA Bank Revenue

HSA Bank's revenue was reported to be $264.28 m in FY, 2019 which is a 13.6% increase from the previous period.
USDFY, 2017FY, 2018FY, 2019

Revenue

182.1m232.6m264.3m

Revenue growth, %

28%14%

Operating expense total

113.1m124.6m135.6m

EBIT

68.9m108.0m128.7m
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HSA Bank Operating Metrics

Y, 2015Y, 2016FY, 2017FY, 2018FY, 2019

Assets Under Administration

$1.27 b$1.46 b$2.07 b

Deposits

$5.04 b$5.74 b$6.42 b

Members

1 m2 m2.40 m2.70 m3 m

States

50 50 50
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HSA Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

HSA Bank Revenue Breakdown

Embed Graph

HSA Bank revenue breakdown by business segment: 34.8% from Deposit Service Fees, 63.3% from Net Interest Income and 1.9% from Other

HSA Bank Online and Social Media Presence

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HSA Bank News and Updates

HSA Bank Provides Clarity in Health Plan Selection through Advanced Decision Support

MILWAUKEE, June 18, 2020 /PRNewswire/ -- HSA Bank, a division of Webster Bank, N.A. announced today that in partnership with MyHealthMath and Tango Health, its employer clients across the country now have access to Advanced Decision Support, designed to help employees during open...

HSA Bank to Host Webinar on Better Management of Health and Wealth Benefits

MILWAUKEE, July 23, 2019 /PRNewswire/ -- HSA Bank, a division of Webster Bank, N.A., will be hosting a free webinar in conjunction with Employee Benefit News and Employee Benefit Adviser on July 31 from 1:30 p.m. to 2:15 p.m. ET. During this time, Kevin Robertson, chief revenue officer of ...

HSA Bank Report Shows that Age Is a Significant Factor in Health and Wealth Engagement

MILWAUKEE, June 26, 2019 /PRNewswire/ -- HSA Bank, a division of Webster Bank, N.A., released a breakout report from the 2019 Health and Wealth IndexSM, addressing the generational differences in health and wealth engagement. According to the report, millennials are the most uncertain...

Four Proven Practices to Elevate HSA Communications per HSA Bank

MILWAUKEE, May 21, 2019 /PRNewswire/ -- HSA Bank, a division of Webster Bank, N.A., recently released a white paper titled 4 Proven Practices to Elevate Your HSA Communications, discussing how employers can increase employee engagement with a Health Savings Account (HSA) offering to help...

HSA Bank Receives 2018 Technology Solutions Partner of the Year Award

MILWAUKEE, May 16, 2019 /PRNewswire/ -- HSA Bank, a division of Webster Bank, N.A., has been honored by WEX Inc. with the 2018 WEX Health Technology Solutions Partner of the Year Award for outstanding business achievements. This award was presented to HSA Bank at WEX SPARK Health 2019,...

HSA Bank Health & Wealth Index(SM) reveals 3 key findings about consumer engagement

MILWAUKEE, March 19, 2019 /PRNewswire/ -- HSA Bank, a division of Webster Bank, N.A., released its annual HSA Bank Health & Wealth IndexSM for 2019 today, a report that explores how consumers are faring when it comes to their financial and physical health. More than 2,000 U.S. adults were ...
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HSA Bank Frequently Asked Questions

  • When was HSA Bank founded?

    HSA Bank was founded in 1997.

  • Who are HSA Bank key executives?

    HSA Bank's key executives are Chad Wilkins, Tim Patneaude and Greg Madar.

  • How many employees does HSA Bank have?

    HSA Bank has 494 employees.

  • What is HSA Bank revenue?

    Latest HSA Bank annual revenue is $264.3 m.

  • What is HSA Bank revenue per employee?

    Latest HSA Bank revenue per employee is $535 k.

  • Who are HSA Bank competitors?

    Competitors of HSA Bank include Fidelity Investments, The PNC Financial Services Group and Bend Financial.

  • Where is HSA Bank headquarters?

    HSA Bank headquarters is located at 605 N 8th St #320, Sheboygan.

  • Where are HSA Bank offices?

    HSA Bank has offices in Sheboygan and Milwaukee.

  • How many offices does HSA Bank have?

    HSA Bank has 2 offices.