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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 Financial to acquire Boston tech company for HSA Bank

PROVIDENCE – Webster Financial Corp. recently announced plans to acquire a Boston-based technology company to bolster its health savings account bank services, according to...

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’s HSA Bank donates $10K to Wounded Warrior Project

PROVIDENCE – HSA Bank, the health savings account bank under Webster Financial Corp., based in Waterbury, Conn., recently donated $10,000 to the Wounded Warrior...
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...

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...

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 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...

Webster Bank joins forces with N.Y. lender in $10.3B merger while...

WATERBURY, Conn. – Connecticut-based Webster Financial Corp. announced on Monday it will merge with a similarly sized New York bank. The all-stock transaction, valued at...

Webster Bank reports $221M profit in 2020

WATERBURY, Conn. – Webster Financial Corp., the parent company for Webster Bank, on Thursday reported a 42.4% drop in profits over the prior year,...

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