With Eastern deal, a banking family calls it quits after a half-century

With Eastern Bank set to acquire Century for $642 million later this year, New England will soon lose its largest family-run bank. CEO Barry Sloane named the bank the way you would name a child. His father, Marshall, worked as chairman until he died at age 92. “It’s in my bones, my whole life,” Barry…

Read More

Webster Bank to merge with NY lender in $10.3B deal

The two institutions are roughly equal in terms of size, with Webster at more than $33 billion in assets and Sterling at $30 billion. But Sterling will merge into Webster, with Webster CEO John Ciulla retaining that role post-transaction. Read More

Read More