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What does Webster Bank's merger plan mean for CT? Elected leaders are mostly silent.


What does Webster Bank s merger plan mean for CT? Elected leaders are mostly silent.
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Webster Bank has a branch at 244 Post Road E., in Westport, Conn.File photoShow MoreShow Less
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Webster Bank has a branch at 247 Boston Post Road in Orange.Screenshot via Google MapsShow MoreShow Less
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John Ciulla is the CEO, president and chairman of Waterbury-based Webster Financial Corp., the parent company of Webster Bank. Webster announced on Monday, April 19, 2021 that it would merge with the parent company of Sterling National Bank in an all-stock deal worth about $10 billion.Michael Cummo / Hearst Connecticut MediaShow MoreShow Less ....

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Webster Bank announces $10 billion merger plan, to open Stamford HQ


Webster Bank announces $10 billion merger plan, to open Stamford HQ
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A Webster Bank branch at 975 South Main Street in Cheshire, Conn. Webster Bank’s parent company has announced that it will merge with Sterling Bancorp in all-stock deal worth about $10 billion.Peter Hvizdak / Hearst Connecticut MediaShow MoreShow Less
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Since 2018, Webster Bank has had offices at 200 Elm St., in downtown Stamford, Conn.Michael Cummo / Hearst Connecticut MediaShow MoreShow Less
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STAMFORD The parent company of Webster Bank announced Monday it would merge with the parent company of Sterling National Bank in an all-stock deal worth about $10.3 billion.
The new company will locate its headquarters in Stamford an agreement that marks the second blockbuster transaction this year for Connecticut’s banking sector. ....

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