Webster Bank - M&A Summary and Business Overview

Financial ServicesCompany

Webster Bank M&A Summary

Webster Bank has acquired 4 companies, including 3 in the last 5 years. A total of 2 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 2 different US states. The Company’s most targeted sectors include financial services (34%) and information technology (34%).

Webster Bank Business Overview

Where is Webster Bank headquartered?

Webster Bank is headquartered in Waterbury, Connecticut.

What is Webster Bank’s revenue?

Webster Bank disclosed revenue of 1,223M USD for 2021 and 1,177M USD for 2020.

How many employees does Webster Bank have?

Webster Bank has 3,345 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 Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

Webster Bank

Webster Financial Corp.

145 Bank Street,
Waterbury, Connecticut 06702
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 (0.4/yr) # 1 - - 1 1 - 3
vol $173M $350M $523M
Sell (0.0/yr) # 2 - - - - - 2
  5

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
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 1 (33%) 173M (33%) 1 (50%) -
Information Technology 1 (33%) 350M (67%) - -
Internet Software and Services 1 (33%) - - -
Insurance - - 1 (50%) -
Total 3 $523M 2 -

By Geo

State/Country Buy Value Sell Value
United States 3 523M 2 -
  Massachusetts 2 350M - -
  Connecticut 1 173M 1 -
  New York - - 1 -
Total 3 $523M 2 -

Top M&A Advisors

Financial Deals
Colonnade Advisors LLC
 1
Legal Deals
Wachtell, Lipton, Rosen & Katz
 2

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)
33%
1 (33%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Financial Services

Revenue

1,223   4% 2021
1,177   6% 2020
1,240   9% 2019
1,147   14% 2018
1,015   10% 2017
927   9% 2016
853   8% 2015
921   5% 2014
878   1% 2013
886   2012
(millions of USD) Show More Show Less

Employees

3,345

Established

1935

Public

NYSE: WBS

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Related Lists for Webster Bank

Connecticut Companies , Financial Services Companies , United States Companies , Connecticut Financial Services Companies , Connecticut Financial Services with Acquisitions , Connecticut Financial Services with Divestitures

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