John R. Ciulla

Sterling Bancorp Merges into Webster Financial Corporation

Webster Financial Corporation (NYSE: WBS) ("Webster") and Sterling Bancorp (NYSE: STL) ("Sterling") jointly announced today that their boards of directors have approved by unanimous vote a definitive agreement under which the two companies will combine in an all-stock merger of equals transaction with a total market value of approximately $10.3 billion.

Webster Bank on Forbes’ America's "Best" List

Webster Bank announced today it was included in Forbes’ America’s Best Banks 2019, ranked as number 68 and the highest-ranked bank in Connecticut. Forbes’ 10th annual list of America’s Best Banks ranks the 100 largest publicly traded banks and thrifts based on their growth, credit quality and profitability. The data is courtesy of S&P, but the rankings are done solely by Forbes.