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Managing higher interest rates, deposit growth key focus areas for banks in 2024

Managing higher interest rates, deposit growth key focus areas for banks in 2024
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Webster Financial Corp acquires Ametros Financial for $350M - Westfair Communications

Stamford-based Webster Financial Corp. (NYSE: WBS) announced that its principal bank subsidiary Webster Bank N.A. is acquiring Ametros Financial Corp., a custodian and administrator of medical funds from insurance claim settlements through its CareGuard service, from funds managed by Long Ridge Equity Partners.

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Kristy Berner joins Webster Financial as EVP/general counsel - Westfair Communications

Stamford-based Webster Financial Corp. (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, has appointed Kristy Berner as executive vice president, general counsel and corporate secretary.

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Five months into merger, Webster Financial profits rebound

Five months into merger, Webster Financial profits rebound
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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.

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