UPDATE 1-Webster suspends home forclosures for 90 days

Nov 13 (Reuters) - Webster Bank, a subsidiary of Webster Financial Corp (WBS.N), said it plans to temporarily suspend foreclosures for at least 90 days for all qualified homeowners, who were more than 30 days delinquent on their residential mortgages as of Nov. 4.

Webster said it will work with these customers to structure more affordable payment plans and that it would also expand its mortgage assistance program by identifying and contacting at-risk customers to see if they need help to remain current on their mortgages.

Earlier this month, Webster said it will get $400 million capital by issuing up to $400 million in senior preferred shares and providing warrants for up to an additional $60 million in common stock to the Treasury. [ID:nBNG426873]

Shares of the company were up nearly 4 percent at $15.69 Thursday morning on the New York Stock Exchange. (Reporting by Santosh Nadgir in Bangalore; Editing by Amitha Rajan)