Federal Reserve announces approval of application by Webster Financial Corporation

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 17, 2021. It is reproduced in full below.

The Federal Reserve Board on Friday announced its unanimous approval of the application by Webster Financial Corporation, Waterbury, Connecticut, to acquire Sterling Bancorp, and indirectly acquire Sterling National Bank, both of Pearl River, New York.

Attached is the Board's order relating to this action.

For media inquiries, please email media@frb.gov or call 202-452-2955.

Source: Board of Governors of the Federal Reserve System