Sterling Bancorp to Merge with Webster Financial In Multi-Billion Dollar Stock Purchase Transaction
April 19, 2021PEARL RIVER—Webster Financial Corporation and Sterling Bancorp jointly announced today (April 19) 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 deal that put the market value of the company at approximately $10.3 billion. Under the terms of the agreement,…
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