Webster Bank - M&A Summary and Business Overview

Financial ServicesCompany

Webster Bank M&A Summary

Webster Bank has acquired 5 companies, including 4 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets.

Webster Bank’s largest acquisition to date was in 2023, when it acquired Ametros Financial for $350M. Webster Bank has acquired in 3 different US states. The Company’s most targeted sectors include financial services (50%) and internet software and services (25%).

Webster Bank Business Overview

Where is Webster Bank headquartered?

Webster Bank is headquartered in Stamford, Connecticut.

What is Webster Bank’s revenue?

Webster Bank disclosed revenue of 2,651M USD for 2023 and 2,472M USD for 2022.

How many employees does Webster Bank have?

Webster Bank has 4,131 employees.

What sector is Webster Bank in?

Webster Bank is a financial services company.

When was Webster Bank founded?

Webster Bank was founded in 1935.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 4

Webster Bank

Webster Financial Corp.

200 Elm Street,
Stamford, Connecticut 06902
United States,
(203) 578-2202
public.websteronline.com

Webster Bank is a bank holding company for Webster Bank. Webster provides consumer and business banking, mortgage, financial planning, and trust and investment services. Webster Bank was founded in 1935 and is based in Waterbury, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 1 - - 2 1 - 4
vol $173M $350M $523M
Sell (0.0/yr) # 2 - - - - - 2
  6

Most Recent M&A

Company Date Value Type
Ametros Financial Corp. 2023-12-14 350M USD Add-on Acquisition
Burlington, Massachusetts · www.ametros.com
Bend Financial, Inc. 2022-02-16 - Add-on Acquisition
Boston, Massachusetts · www.bendhsa.com
Sterling Bancorp 2022-02-01 - Merger
Pearl River, New York · www.sterlingbancorp.com
Budget Installment Corp. 2009-11-02 - Divestiture
Rockville Centre, New York · www.bicfinance.com
Webster Insurance, Inc. 2008-02-01 - Divestiture
Meriden, Connecticut
NewMil Bancorp, Inc. 2006-08-25 173M USD Add-on Acquisition
New Milford, Connecticut
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (50%) 173M (33%) 1 (50%) -
Information Technology 1 (25%) 350M (67%) - -
Internet Software and Services 1 (25%) - - -
Insurance - - 1 (50%) -
Total 4 $523M 2 -

By Geo

State/Country Buy Value Sell Value
United States 4 523M 2 -
  Massachusetts 2 350M - -
  New York 1 - 1 -
  Connecticut 1 173M 1 -
Total 4 $523M 2 -

Top M&A Advisors

Financial Deals
Colonnade Advisors LLC
1
J.P. Morgan Securities
1
Piper Sandler & Co.
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
3

Deal Values

buy # Total
$100M to $1B 2 $523M
TOTAL $523M
Largest Ametros Financial Corp.
$350M (2023-12-14)

M&A Connections

Deals
Acquired from
Investor(s)
50%
2 (50%)
Divested to
Strategic(s)
100%
2 (100%)

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