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Webster Financial Corp. completed its acquisition of the parent of Sterling National Bank, a transaction valued at more than $5 billion that will push Webster deeper into the attractive and contiguous Long Island market. ....
Waterbury-based Webster Bank is still on track to close its merger with New York’s Sterling Bancorp next month, according to company officials, a contrast to other, similar banking deals, which appear to be held up at the federal level. ....
Webster Financial Corporation and Sterling Bancorp jointly announced the completion of their previously announced merger, creating one of the largest commercial banks in the Northeast. The combined company is a unique financial institution, with a differentiated funding base that includes HSA Bank, as well as consumer and commercial banking. ....
Webster Bank Completes Merger With Sterling National Bank bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
Webster Bank said Tuesday morning that it has completed its $10.3 billion merger with New York’s Sterling Bancorp.
Officials with both lenders said the combined company still named Webster Bank, but now headquartered in Stamford instead of Waterbury is well-positioned to grow its commercial banking business, improve the banking experience for customers and realize gains for investors. ....