Webster Bank Archives

Webster Bank Appoints Parsonnet Head of ABL

Webster Bank appointed Abby Parsonnet to executive managing director and head of asset-based lending.

October 18, 2022 Abby Parsonnet | Chris Motl | James Bodie | Neil Wolfe | Webster Bank Ian Koplin

Webster Bank Appoints McKernan Managing Director of ABL Originations

Webster Bank appointed Chris McKernan managing director of asset-based lending originations in an effort to expand its asset-based lending division. Based in Seattle, McKernan will cover the Pacific Northwest and Northern California areas.

July 29, 2022 Chris McKernan | David Viggiano | Webster Bank Ian Koplin

Ferretti Joins Webster Bank as SVP, Market Manager for C&I Middle-Market Banking

Webster Bank expanded its commercial and industrial middle-market banking team by hiring David Ferretti as senior vice president and market manager for New Haven, CT.

May 26, 2022 David Ferretti | Douglas Scala | Ed Blaskey | Webster Bank Ian Koplin

Webster Bank Provides Expanded Term Loan, $2MM Capex LOC to Air Industries Group

Webster Bank agreed to expand the size of Air Industries Group’s existing term loan to $5 million and establish a $2 million capital expenditure line of credit to finance future purchases of machinery and equipment.

May 19, 2022 Air Industries Group | Lou Melluzzo | Webster Bank Ian Koplin

BofA, BMO and Capital One Amend and Upsize Credit Facility for StoneX Group

StoneX Group agreed to amend its existing $401 million senior secured credit facility, extending the maturity through April 2025 and increasing the size of the facility to $475 million. Bank of America Merrill Lynch, Bank of Montreal and Capital One acted as joint lead arrangers on the credit facility

Bank of America Leads $262MM Credit Facility Increase for Ameresco

Ameresco, an 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.

AllianceBernstein, Deutsche, Guggenheim and Webster Provide Financing to FirstDigital

FirstDigital Telecom, a fiber-based carrier in the western United States, raised debt financing from a group of investors, including AllianceBernstein, Deutsche Bank, Guggenheim and Webster Bank.

Federal Reserve Approves Merger of Webster Financial and Sterling Bancorp

The board of governors of the Federal Reserve provided regulatory approval of the previously proposed merger of Webster Financial and Sterling Bancorp.

Webster and Sterling Stockholders Approve Merger Between Companies

The stockholders of Webster Financial and Sterling Bancorp approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders.

Webster Bank Expands Regional President Roles in Connecticut

Webster Bank expanded the roles of Timothy D. Bergstrom and Michael L. O’Connor, two of the bank’s regional presidents in Connecticut. Webster Bank also appointed Martin H. Anderson regional president for Fairfield County, CT.

May 28, 2021 Chris Motl | Martin H. Anderson | Michael L. O’Connor | Timothy D. Bergstrom | Webster Bank Ian Koplin

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