A new analysis by J.D. Power has found that Wells Fargo and Webster Bank have the least satisfied customers of the major national and regional banks active in Connecticut, New York and New Jersey.
Stamford-based Webster Bank announced this week that longtime chief financial officer Glenn MacInnes is planning to retire.
Stamford-based Webster Bank’s fourth-quarter net income declined due to the one-time charges from the FDIC special assessment restocking the nation’s deposit insurance fund, expenses on the merger with Sterling National Bank and securities repositioning.
Only one bank opened any new branches in the state this year, while several big brands moved to shutter physical locations.
Webster Bank has acquired medical funds custodian Ametros Financial Corp. for $350 million in cash, which will give the bank access to a source of low-cost and long-duration deposits.
Webster Bank launched its first special purpose credit program Tuesday, which is aimed at helping low- to moderate-income first-time homebuyers buy homes, as well as homeowners who seek to refinance their mortgages in historically underserved areas.
Webster Bank’s net income declined in the third quarter as it incurred merger-related charges from its consolidation a New York bank last year.
Webster Bank was the only bank in the top 10 deposit-holders in Connecticut that registered an increase in deposits as bank customers scurried to spread their money around after the bank failures this spring, according to the latest FDIC deposit data.
Connecticut-based Webster Bank recorded a notable year-over-year jump in net income in its second-quarter earnings call Thursday morning.
Two nonprofits received grants from Stamford-based Webster Bank to provide financial education to students in low- to moderate-income areas.
Stamford-based Webster Bank saw deposits increase by 2.3 percent during the first quarter.
Stamford-based Webster Bank has promoted Kathleen Stanley to the role of executive managing director and head of business banking.
Stamford-based Webster Bank has provided a $100,000 grant to fund a finance lab at the Wakeman Boys & Girls Club’s new Bridgeport location.
Following its merger with New York-based Sterling National Bank to start 2022, Webster Bank ended the year with earnings of more than $600 million.
Stamford-based Webster Bank has agreed to acquire a deposit management platform, adding more than $9 billion in core deposits to the bank.
John Ciulla, president and CEO of Stamford-based Webster Bank, has been named chair of the American Bankers Association council for midsize bank CEO’s.
Stamford-based Webster Bank had third quarter net income available to common shareholders of $229.8 million, or $1.31 per diluted share. In the same quarter last year, before the February 2022 merger with Sterling National Bank, Webster had net income of $93.7 million, or $1.03 per diluted share.
Jonathan Roberts, a former executive vice president at Stamford-based Webster Bank, has been named president and CEO of an Upstate New York credit union.
