Latest Webster Financial Corp News

Northeast banks Webster, Sterling to merge in all-stock deal

Apr. 19, 2021 15:06 PM EDT

NEW YORK (AP) — Webster Financial Corp. is buying Sterling Bancorp in an all-stock deal that values Sterling at more than $5 billion, the northeastern U.S. banks said Monday. The total market value of the deal is about $10.3 billion. Sterling will merge into Webster...