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Webster Financial and Marathon launch private credit joint venture

PROVIDENCE – Webster Financial Corp. and Marathon Asset Management LP are forming a private credit joint venture that will deliver direct lending solutions to...

Webster buying Mass. medical-financial management firm for $350M

STAMFORD, Conn. – Webster Financial Corp., through its principal bank subsidiary, Webster Bank N.A., has agreed to purchase medical insurance settlement fund manager Ametros...

Webster Bank to acquire deposit management platform with $9B in deposits

STAMFORD, Conn. – Webster Bank is slated to get a $9 billion deposit boost from buying a deposit management platform, according to a news...

Webster Bank leader to head American Bankers Council

STAMFORD, Conn. – Webster Financial Corp. CEO and President John Ciulla was recently appointed as the 2022-23 chairperson of the American Bankers Association’s American Bankers...

Webster Bank has $17M Q1 loss after closing Sterling merger

STAMFORD, CONN. – Higher costs associated with the merger with Sterling Bancorp left Webster Financial Corp. $16.8 million in the red for the first...

Webster Bank reports $383M profit in 2019

WATERBURY, Conn. – Webster Financial Corp., the parent company for Webster Bank, brought in a $382.7 million profit in 2019, an increase of 6.2%,...
WEBSTER FINANCIAL CORP. is the Connecticut-based parent of Webster Bank. /PBN FILE PHOTO

Webster Bank posts $80M Q1 profit

WATURBURY, Conn – Webster Financial Corp. on Thursday reported first-quarter profit grew 34.9 percent to $80.2 million, or 85 cents per diluted share, compared...
WEBSTER FINANCIAL CORP. is the parent company of Webster Bank, which is based in Connecticut. The company saw its 33rd consecutive quarter of year-over-year revenue growth in the fourth quarter of 2017. / PBN FILE PHOTO

Webster reports Q4, 2017 profit growth

PROVIDENCE – Webster Financial Corp. on Tuesday reported 2017 profit increased 23.3 percent to $255.4 million, or $2.67 per diluted share, compared with $207.1...
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