Following its merger this year with Sterling Bancorp, the parent company of Stamford-based Webster Bank has established a $6.5 billion community benefits plan that will invest in the communities within the bank’s footprint.
Stamford-based Webster Bank has named Vikram Nafde executive vice president and chief information officer.
A new association has launched for banks that offer banking-as-a-service, with Stamford-based Webster Bank as a founding member.
As the federal government moves closer to requiring publicly traded companies, including stock banks, to disclose information related to climate change, other banks and even credit unions could feel the effects.
Stamford-based Webster Bank will offer banking services to property management firms and homeowners associations through a new partnership with a financial technology company.
Webster Bank’s Timothy Bergstrom has been appointed board chair of the Community Investment Corp.
While merger expenses led to a quarterly loss for Webster Bank’s parent company, bank executives say they have already seen the combination with Sterling National Bank reflected in financial performance.
Stamford-based Webster Bank has joined four other regional banks as part of a new consortium focused on the risks banks face related to climate change.
Milford-based Total Mortgage has signed a 10-year deal for the naming rights of the Bridgeport sports arena known for more than a decade as the Webster Bank Arena.
The parent company of Stamford-based Webster Bank has agreed to acquire Boston-based Bend Financial Inc., a technology company that offers a cloud-based platform for health savings accounts.
The FBI is offering a reward of up to $10,000 for information that leads to the arrest and conviction of a man suspected of carrying out nearly a dozen bank robberies along the Interstate 91 corridor in Connecticut, Massachusetts, New Hampshire and Vermont.
Ahead of its upcoming merger with Sterling National Bank, Waterbury-based Webster Bank finished 2021 with record quarterly and full-year net income.
Waterbury-based Webster Bank plans to complete its merger with Sterling National Bank in February after receiving regulatory approval for the deal.
Ahead of its upcoming merger with Sterling National Bank, Waterbury-based Webster Bank saw third quarter earnings increase 39 percent over the same quarter last year.
With many banks struggling to match these deposits with loan growth, this excess liquidity could grow into a concern for in the coming quarters.
Boston-based Berkshire Bank has hired Jeffrey Klaus as its regional president for Southern Connecticut.
East Hartford-based American Eagle Financial Credit Union has hired Ryan McEleney as its senior vice president and chief people officer.
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.
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.
