
Webster Bank Completes Merger With Sterling National Bank
Connecticut-based Webster Bank has completed its merger with New York-based Sterling National Bank, creating a financial institution with about $65 billion in assets.
Connecticut-based Webster Bank has completed its merger with New York-based Sterling National Bank, creating a financial institution with about $65 billion in assets.
Connecticut-based Webster Bank plans to complete its merger with Sterling National Bank in February after receiving regulatory approval for the deal.
The merger between Connecticut-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.
A merger of equals between Connecticut-based Webster Bank, which has about 20 branches in Eastern Massachusetts, and New York-based Sterling National Bank will create a bank with about $63 billion in assets and new headquarters in Stamford, Connecticut.