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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 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 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 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...
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