Webster Sees Record Fourth Quarter, Full-Year Net Income
Ahead of its upcoming merger with Sterling National Bank, Waterbury-based Webster Bank finished 2021 with record quarterly and full-year net income.
Webster Plans to Complete Merger in February
Waterbury-based Webster Bank plans to complete its merger with Sterling National Bank in February after receiving regulatory approval for the deal.
Shareholders Approve Webster, Sterling Merger
The merger between Waterbury-based Webster Bank and New York-based Sterling National Bank moved a step closer to completion yesterday as shareholders of both banks approved the deal.
Webster Bank, Sterling Respond to Lawsuits Against Merger
Waterbury-based Webster Bank and New York-based Sterling National Bank face seven lawsuits challenging their proposed merger and have disclosed additional information about the deal in response to the legal actions.
Webster’s Merger Discussions With Sterling Started in 2019
On-and-off discussions about a possible merger of Waterbury-based Webster Bank and New York-based Sterling National Bank began in 2019, but the banks decided at the start of the pandemic to put aside discussions.
Webster Bank to Merge With NY-Based Sterling National Bank
A merger of equals between Waterbury-based Webster Bank and New York-based Sterling National Bank will create a bank with about $63 billion in assets and new headquarters in Stamford, Connecticut.
