WBS - Mergers and acquisitions

HSA Bank is One of the Largest Providers of Emergency Savings Accounts HSA Bank, a division of Webster Bank N.A. ("Webster Bank"), and Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, today announced that it has acquired Secure Inc. (d/b/a SecureSave), a leading provider of employer-sponsored emergency savings accounts (ESAs). HSA Bank, one of the nation's leaders in healthcare savings and spending accounts, becomes one of the largest providers of emergency savings accounts in the country. SecureSave will continue to operate with its current platform and serve its clients who will benefit from HSA Bank's suite of products. "This acquisition continues our co

Webster Financial Corporation (NYSE:WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has completed the acquisition of Ametros Financial Corp ("Ametros"). The business will continue to operate under the Ametros and CareGuard brands following the acquisition. Ametros, the nation's largest professional administrator of medical insurance claim settlements, helps individuals manage their ongoing medical care through their CareGuard service and proprietary technology platform. Ametros will continue to serve members via existing practices. The acquisition of Ametros provides Webster a fast-growing source of low-cost and long-duration deposits, further dive

STAMFORD, Conn., Jan. 11, 2023 /PRNewswire/ -- Webster Financial Corporation (NYSE:WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has completed the acquisition of StoneCastle Insured Sweep, LLC (d/b/a interLINK), a subsidiary of StoneCastle Partners, LLC ("StoneCastle"). The business will continue to operate under the interLINK brand following the acquisition. interLINK is a technology-enabled deposit management platform administering over $9 billion of deposits from FDIC-insured cash sweep programs between banks and broker/dealers and clearing firms. interLINK leverages highly scalable technology, generating significant liquidity at minimal operating

MILWAUKEE, Nov. 17, 2022 /PRNewswire/ -- HSA Bank, a division of Webster Bank, N.A., and Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced today that it has acquired the health savings accounts (HSA) of Inland Bank and Trust. This acquisition offers Inland Bank and Trust's HSA accountholders new and easy ways to manage their healthcare spending and saving through an industry-leading HSA provider with more than two decades of experience. Under the agreement, approximately 4,800 accounts, including an estimated $15.5 million in depos