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Five months into merger, Webster Financial profits rebound

Five months into merger, Webster Financial profits rebound
hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.

Johnr ciullaGlenn macinnesYork sterling bancorpStamford based webster financialNew york

Webster Bank creates community liaison positions to help minority and low/moderate-income borrowers

Webster Bank has hired several community liaison officers who will work with the bank’s new Office of Corporate Responsibility to provide support and financial education to low-to-moderate income and minority borrowers. The newly-created positions are based in Bridgeport, Hartford and Waterbury; White Plains and Queens, New York and Boston. They will report to Amy Jakobeit, senior vice president and director of mortgage and consumer lending, and Gary Moukhtarian, senior vice president and regional manager.

New yorkUnited statesWhite plainsGary moukhtarianAmy jakobeitClaudia tejada rileyMarissa weidnerRobert jaekleJohns hopkins universityWebster bankYork sterling bancorpOffice of corporate responsibilityColby college in watervilleCorporate responsibilitySterling bancorpKadie ortiz

Webster Bank creates community liaison positions to help minority and low/moderate-income borrowers

Webster Bank creates community liaison positions to help minority and low/moderate-income borrowers
hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesWhite plainsGary moukhtarianAmy jakobeitClaudia tejada rileyMarissa weidnerRobert jaekleJohns hopkins universityWebster bankYork sterling bancorpOffice of corporate responsibilityColby college in watervilleCorporate responsibilitySterling bancorpKadie ortiz

Merger expenses lead to 1Q loss for Webster Financial

Stamford-based Webster Financial on Thursday reported a first quarter loss, driven by expenses related to its recent merger with New York’s Sterling Bancorp. The parent company of Webster Bank said it lost $16.7 million, or 14 cents per share during the quarter, which ended March 31. Webster said the loss was primarily a result of a $279.5 million pre-tax expense the bank recorded during the quarter, primarily related to its merger with Sterling. Excluding that expense, the bank said it would have reported profils of $1.24 per share.

Johnr ciullaWebster bankYork sterling bancorpBend financial incHealth savingsSterling bancorpStamford based webster financialNew yorkPresident johnHealth savings account

Merger expenses lead to 1Q loss for Webster Financial; major corporate office space consolidation planned

Stamford-based Webster Financial on Thursday reported a first quarter loss, driven by expenses related to its recent merger with New York’s Sterling Bancorp. The parent company of Webster Bank said it lost $16.7 million, or 14 cents per share during the quarter, which ended March 31. Webster said the loss was driven by a $279.5 million pre-tax expense it recorded during the quarter, primarily related to its merger with Sterling. Excluding that expense, the bank said it would have reported profits of $1.24 per share.

Johnr ciullaGlenn macinnesWebster bankYork sterling bancorpBend financial incNa webster bankHealth savingsSterling bancorpStamford based webster financialNew yorkPresident johnHealth savings account