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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...

Webster Bank named top SBA lender in New England

PROVIDENCE – Webster Bank was recently recognized for financing the most money in U.S. Small Business Administration small-business loans in New England in fiscal...
FEDERAL REGULATORS have signed off on the $10.3 billion merger between Webster Financial Corp. and Sterling Bancorp, the companies announced on Monday. / PBN FILE PHOTO

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...

Bank of America adds North Smithfield branch to list of local...

PROVIDENCE – Bank of America Corp. continues to shutter branches throughout Rhode Island, with its North Smithfield location the latest on the chopping block. The...
SITE VISIT: Mark K. W. Gim, president and chief operating officer of Westerly-based Washington Trust Bancorp., demonstrates the bank’s website technology on his iPad in 2018. But the regional bank didn’t abandon its brick-and-mortar strategy, opening several new branches in recent years. / PBN FILE PHOTO/MICHAEL SALERNO

Mobile banking making leaps ahead

FINANCIAL SERVICES Perhaps nothing has transformed banking more than technology. Online and mobile banking are certainly not new. Websites, for example, first came on the scene...

Webster Bank reports $96M Q3 earnings

WATERBURY, Conn. – Webster Financial Corp. grew its profit margin by nearly 40% year over year, with earnings of $95.7 million for the quarter...

Webster Bank finances $11.2M loan to South County Health

PROVIDENCE – Webster Bank recently provided an $11.2 million leasehold mortgage to South County Health, according to a news release. The 17-year loan will help...

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...

Webster Bank offers new retiree reimbursement option through HSA Bank

PROVIDENCE – Webster Bank will now offer an alternative to defined benefit contribution plans aimed at helping retirees offset health care costs in retirement,...

Webster Bank reports $94M Q2 profit

WATERBURY, Conn. – Webster Financial Corp. saw a 77% increase in quarterly earnings compared to a year ago, reporting on Thursday a $94 million...

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