Acquisition History / Webster Bank / Sterling Bancorp
Webster Bank Acquires Sterling Bancorp
Announced January 2022 — $5B
What happened
Sterling Bancorp was a company, acquired by Webster Bank for $5 billion.
- Acquirer
- Webster Bank
- Target
- Sterling Bancorp
- Announced
- January 2022
- Price
- $5B
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Webster Bank acquire Sterling Bancorp?
Webster Bank acquired Sterling Bancorp on January 2022. This was Webster Bank's 1st publicly tracked acquisition out of 1 we have on record.
How much did Webster Bank pay for Sterling Bancorp?
Webster Bank paid $5B for Sterling Bancorp.
What does Sterling Bancorp do?
Sterling Bancorp was a company, acquired by Webster Bank for $5 billion.