Webster Financial Corp. (WBS) and Sterling Bancorp (STL) said Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger. All required regulatory approvals to complete the merger have now been received. The closing of the merger is anticipated to occur on or around February 1, 2022.

Create Account

Dark

chart

exchange

Check out our Dark Pool Levels

Webster Financial Corp. (WBS) and Sterling Bancorp (STL) said Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger. All required regulatory approvals to complete the merger have now been received. The closing of the merger is anticipated to occur on or around February 1, 2022.

RTTNews | Dec 20, 2021 07:29AM EST

07:29 Monday, December 20, 2021 (RTTNews.com) - Webster Financial Corp. (WBS) and Sterling Bancorp (STL) said Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger. All required regulatory approvals to complete the merger have now been received. The closing of the merger is anticipated to occur on or around February 1, 2022.

Upon closing, the combined company will have approximately $65.5 billion in assets, $42 billion in loans, and $54 billion in deposit balances based on balances as of September 30, 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3250512/webster-financial-sterling-bancorp-issue-update-on-merger-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved