Tag: Sterling Bancorp
Webster Financial Corp. posts $235M Q2 profit, up 28.9%
STAMFORD, Conn. – Webster Financial Corp. on Thursday reported a $235 million second-quarter net income, an increase of $52.7 million – or 28.9% –...
Webster Bank parent posts $216.8M profit in Q1
STAMFORD, Conn. – Webster Financial Corp. on Thursday declared earnings of $216.8 million for the first quarter of 2023.
The profit marked a strong recovery...
Webster Bank reports $644M profit for 2022, boosted by Sterling merger
STAMFORD, Conn. – Webster Financial Corp. continues to reap financial benefits – and some extra costs – from a $10.3 billion merger with a...
Webster sees Q3 profits double after Sterling merger
STAMFORD, Conn. – Webster Financial Corp. more than doubled its third-quarter profits over a year ago, reporting $229.8 million in earnings on Thursday.
The Webster...
Webster posts $182M Q2 profit, boosted by Sterling merger
STAMFORD, Conn. – After ending the first quarter in the red due to merger-related costs, Webster Financial Corp. rebounded with a $182.3 million second-quarter...
Webster announces $6.5B investment, new office for community relations
PROVIDENCE – Webster Financial Corp., the holding company for Webster Bank, recently announced a $6.5 billion investment in its local communities, coupled with a...
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 $409M 2021 profit ahead of upcoming merger
WATERBURY, Conn. – Webster Financial Corp. nearly doubled its profits in 2021 as the bank slashed the amount of money it set aside for...
Federal regulators approve $10.3B Webster Bank merger
WATERBURY, Conn. – Federal regulators have signed off on the $10.3 billion merger between Waterbury-based Webster Financial Corp. and Montebello, N.Y.-based Sterling Bancorp, the...
Merger between Webster Financial and Sterling gains stockholder approval
PROVIDENCE – Stockholders have signed off on the merger deal between Webster Financial Corp. and New York-based Sterling Bancorp, the companies announced in a...
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