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News Stories (50 Results) - Webster Bank

Webster Bank announced that Jeffery Wacker has joined the bank’s Asset Based Lending division as Managing Director of Large Corporate Asset Based Lending (ABL) Originations. In his role, Wacker will have geographic coverage responsibility for the... Read Story
May 21, 2024, 08:00 AM

Webster Financial Corporation, the holding company for Webster Bank and its HSA Bank division, announced that after 13 years with the Company, Glenn MacInnes intends to retire from his role as Executive Vice President and Chief Financial Officer... Read Story
March 26, 2024, 08:32 AM

Webster Bank provided a five-year, permanent loan to KIRCO in connection with the refinancing of the Henry Ford Macomb Medical Pavilion which is a 100% leased, class-A, state-of-the-art medical office building located in Macomb County, Michigan. ... Read Story
March 12, 2024, 07:45 AM

Webster Bank announced two members of its executive management team have been promoted.Luis Massiani has been promoted to Senior Executive Vice President and appointed President of Webster Bank. He continues in his role as Chief Operating Officer, a... Read Story
April 06, 2023, 08:00 AM

Webster Bank promoted Ann Meade to Regional President, Boston and Managing Director, Commercial Lending, leading Middle Market Banking, in the Greater Boston market.  Meade has been a strong presence in the Boston marketplace for Webster and has been... Read Story
February 22, 2023, 08:00 AM

Webster Bank announces that Abby Parsonnet is now Executive Managing Director, Head of Asset Based Lending (ABL) for Webster Bank. In her role, she will oversee the nationwide Asset Based Lending and Commercial Services teams at Webster, which also... Read Story
October 18, 2022, 08:00 AM

Webster Financial, the holding company for Webster Bank and its HSA Bank division, announced that Vikram Nafde has been appointed to Executive Vice President, Chief Information Officer in charge of Information Technology. As a member of Webster... Read Story
June 13, 2022, 07:13 AM

Webster Bank is expanding its commitment to Commercial & Industrial Middle Market Banking with the addition of David Ferretti as Senior Vice President, Market Manager, New Haven. Ferretti reports to Douglas Scala, Regional President, New England and... Read Story
May 26, 2022, 07:55 AM

Webster Bank joined the newly launched Bankers Helping Bankers (“BHB”) Banking-as-a-Service (BaaS) Association as a founding member. The Association aims to serve the unique needs of BaaS Sponsor banks.  Webster’s BaaS team partners with fintechs, or... Read Story
May 26, 2022, 07:00 AM

Air Industries Group, an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense, announced Webster Bank (formerly... Read Story
May 19, 2022, 07:52 AM

StoneX Group agreed to amend its existing $401 million senior secured credit facility, to extend the maturity through April 2025 and to increase the size of the facility to $475 million. The existing facility, comprised of a $236 million revolving... Read Story
April 28, 2022, 07:38 AM

Ameresco, a leading energy efficiency and renewable energy company, entered into an amendment and restatement to the company’s current senior secured credit facility with a group of lenders led by Bank of America. This amendment and restatement... Read Story
March 08, 2022, 07:50 AM

Webster Financial Corporation and Sterling Bancorp jointly announced the completion of their previously announced merger, creating one of the largest commercial banks in the Northeast. The combined company is a unique financial institution, with a... Read Story
February 02, 2022, 08:02 AM

Webster Financial Corporation and Sterling Bancorp jointly announced that Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger between the two companies. As... Read Story
December 20, 2021, 08:02 AM

Webster Financial Corporation and Sterling Bancorp jointly announced that each company's stockholders have approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders held today. The final voting... Read Story
August 18, 2021, 07:42 AM

Webster Bank is expanding its commitment to the transportation and logistics industry with the addition of Nick Weaver as senior vice president, regional manager, Middle Market Banking. Weaver will report to Scott Meves, regional president... Read Story
June 09, 2021, 07:30 AM

Webster Bank announced expanded roles for Regional Presidents in Connecticut. Timothy D. Bergstrom, Regional President, will now oversee the Hartford, New Haven and Middlesex county markets including greater Bristol, New Britain, Hartford and New... Read Story
May 28, 2021, 07:43 AM

Webster Bank is increasing its commitment to its Healthcare industry vertical by naming Steve Dowe, senior vice president, to lead Webster’s Middle Market Healthcare vertical focused on privately owned health care providers and senior housing... Read Story
May 12, 2021, 07:48 AM

Webster Financial Corporation and Sterling Bancorp jointly announced their boards of directors have approved by unanimous vote a definitive agreement under which the two companies will combine in an all-stock merger of equals transaction with a total... Read Story
April 19, 2021, 08:03 AM

Webster Bank increased its senior secured credit facilities to $34 million in support of The Metro Group Inc.’s acquisition of Response Electric (Response). The acquisition of Response further cements Metro Group as the best-in-class provider of... Read Story
March 23, 2021, 07:45 AM

Webster Financial Corporation, the holding company for Webster Bank, N.A. and its HSA Bank division, announced that Executive Vice President Jonathan W. Roberts has been promoted to Head of Retail Banking and Consumer Lending at Webster Bank and... Read Story
November 05, 2020, 07:00 AM

Griffin Industrial Realty, Inc. announced that it entered into a new $15.0 million line of credit with Webster Bank, N.A. to provide financing for real estate acquisitions. The Acquisition Credit Line is unsecured, expires on September 30, 2021, and... Read Story
September 25, 2019, 08:45 AM

Webster Bank's Sponsor & Specialty Group acted as the lead arranger and sole bookrunner on $210 million in senior secured credit facilities enabling AMP Capital to purchase a majority ownership stake in Everstream Solutions, a U.S. network service... Read Story
October 01, 2018, 08:16 AM

Webster Bank announced that Philip Falivene has joined the company as senior vice president, senior relationship manager. Falivene is based in the company’s metro New York City commercial lending division, where he assumes responsibility for... Read Story
September 07, 2018, 08:00 AM

ZenFi Networks and Cross River Fiber announced the signing of a definitive merger agreement, which upon closing will create the leading communications infrastructure provider in the New York and New Jersey metro areas with more than 700 route miles... Read Story
April 25, 2018, 07:00 AM

Webster Financial Corporation, the holding company for Webster Bank, N.A. and its HSA Bank division, announced that James C. Smith, Chairman and Chief Executive Officer (CEO), following a distinguished career with Webster spanning more than four... Read Story
September 19, 2017, 07:50 AM

Webster Financial Corporation, parent of Webster Bank, announced that Executive Vice Chairman Joseph J. Savage will retire effective June 30 following a distinguished 40-year career in banking, culminating in 15 years of outstanding service to... Read Story
May 05, 2017, 07:08 AM

Webster Bank has closed on a $7.2 million portfolio financing deal for Isle Brewers Guild, LLC, a craft beer cooperative in Pawtucket, Rhode Island, co-founded by Devin Kelly and Jeremy Duffy.  The Guild is designed to deliver additional capacity... Read Story
April 10, 2017, 07:08 AM

Webster Bank named three bankers to the position of senior vice president, commercial banking:Stephen Burke has joined Webster, bringing with him more than 10 years of banking experience. Most recently, he worked for Antares Capital and GE Capital.... Read Story
March 02, 2017, 07:45 AM

Webster Bank and three other banks have closed on a $70 million portfolio refinancing for Apple Health Care, Inc., a regional skilled nursing operator based in Connecticut.The portfolio consisted of 16 facilities with 1,336 beds in Connecticut and... Read Story
February 08, 2017, 07:03 AM

Webster Bank announced that Debra Drapalla, senior vice president, senior relationship manager, Commercial Banking, has been promoted to Boston regional president. She succeeds Paul Mollica, who will be retiring, but who will continue to serve as an... Read Story
January 13, 2017, 07:57 AM

Webster Bank announced today that Samuel Hanna, senior vice president, director, Webster Capital Finance, has been promoted and will now lead Middle Market Banking at Webster Bank. He succeeds Christopher Motl, who was promoted to executive vice... Read Story
January 06, 2017, 07:50 AM

Webster Bank announced that Christopher Motl, executive vice president, Middle Market Banking has been promoted to executive vice president, head of Commercial Banking.  In his new role, Motl will lead all Commercial Banking business units:  Sponsor... Read Story
January 05, 2017, 07:45 AM

Webster Bank recently announced that it has provided $18 million in senior credit facilities to Edison, New Jersey based Bentley Laboratories, LLC, an industry leader in the formulation and outsource manufacturing of products for the beauty and... Read Story
December 01, 2016, 08:01 AM

Webster Bank announced it has provided $20 million in senior credit facilities to Medical Arts Sanitarium, Inc., dba Cornerstone Treatment Facilities Network (CTFN), a leading provider of substance use disorder treatment services, in support of... Read Story
November 17, 2016, 07:17 AM

Webster Bank provided a $110 million debt financing loan to Ensono, a hybrid IT services provider that works with its clients to deliver progressive solutions to help them operate their IT infrastructure.  The loan will be used to finance the... Read Story
October 27, 2016, 07:31 AM

Cambridge Trust Company announced the appointments of Chris O’Connor, Senior Vice President and Peter Coates, Vice President to lead their new Asset Based Lending (ABL) practice.“The Bank made the strategic decision to add asset based lending... Read Story
September 13, 2016, 07:44 AM

Cambium Learning Group, a leading educational solutions and services company committed to helping all students reach their full potential, announced the completion of a new $135.0 million credit facility by its wholly owned subsidiary Cambium... Read Story
December 11, 2015, 07:50 AM

Webster Financial Corporation, the holding company for Webster Bank, announced that its board of directors promoted John R. Ciulla to president of the bank and the bank holding company and appointed him to the bank's board of directors. In addition... Read Story
October 29, 2015, 07:28 AM

First Niagara Financial Group, Inc. named Jeff L. Hubbard to serve as New England Regional President, leading the company's New Haven-based team of bankers across Connecticut and Massachusetts.Hubbard joins First Niagara from TD Bank, N.A., where he... Read Story
June 19, 2015, 07:28 AM

Berkshire Hills Bancorp, Inc. has appointed Peter Samson to Senior Vice President, Commercial Leader for Berkshire's Connecticut Region.    Samson joins Berkshire from People's United Bank where he served as Senior Vice President and Regional Manager... Read Story
April 09, 2015, 07:21 AM

Rosenthal & Rosenthal, Inc., the largest privately held domestic factoring and financing firm, announced the hiring of Robert A. Miller as Executive Vice President and Head of Asset Based Lending. Miller will be responsible for Rosenthal’s Asset... Read Story
March 24, 2015, 07:41 AM

Webster Bank announced that Christopher Motl has been named executive vice president, middle-market banking.  He oversees all middle market commercial banking activities, including middle-market lending, deposit gathering, and fee generation."This... Read Story
January 22, 2015, 07:48 AM

Webster Business Credit provided The 100 Mile Fund SWA, LLC with a $10MM revolving line of credit.  The company was formed to provide real estate financing within a 100 mile radius from its headquarters in Englewood Cliffs, NJ.  The facility will be... Read Story
January 12, 2015, 07:11 AM

Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow financing for private equity-sponsored, lower-middle market companies, announced it served as joint lead arranger with Webster Bank for $29.5 million in senior... Read Story
December 23, 2014, 07:56 AM

North Mill Capital, LLC (North Mill), a leading ABL lender and factor for small businesses, announced it has secured a new, three-year, $90 million credit facility led by  Wells Fargo Capital Finance, part of Wells Fargo & Company, BMO Harris Bank... Read Story
January 28, 2014, 09:00 AM

Webster Financial Corporation announced that Charles "Chad" Wilkins has been named executive vice president of Webster and Webster Bank, and head of HSA Bank effective Jan.3.  HSA Bank, a division of Webster Bank, is a leading provider of... Read Story
January 02, 2014, 07:09 AM

ExteNet Systems, Inc. announced a new $210 million senior credit facility arranged by SunTrust Robinson Humphrey, Inc. and CIT Finance LLC.Under the new facility, ExteNet has secured $210 million in borrowing capacity, consisting of a $140 million... Read Story
October 30, 2013, 08:04 AM

GTT announced that it has completed an expanded syndication of its senior credit facilities. GTT increased its revolving line-of-credit to $7.5 million from $5 million and the total amount of this financing to $72.5 million, increasing capital... Read Story
October 10, 2013, 08:02 AM

Southern Theatres announced that it has acquired Movie Tavern, a cinema eatery chain with 16 locations and 130 screens across seven states. The combined company is now among the ten largest exhibitors in the United States, and has 36 locations and... Read Story
September 13, 2013, 07:36 AM