Webster Financial Corporation

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WEBSTER FINANCIAL MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF WEBSTER FINANCIAL CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – WBS

April 19, 2021.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Webster Financial Corporation (NYSE: WBS) and Sterling Bancorp is fair to Webster Financial shareholders. Sterling Bancorp shareholders are expected to receive Webster Financial stock in connection with the merger. Following the closing of the transaction, Webster Financial shareholders will own approximately 50.4% of the combined company.

The investigation concerns whether Webster Financial and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Webster Financial shareholders; and (2) disclose all material information necessary for Webster Financial shareholders to adequately assess and value the merger consideration. On behalf of Webster Financial shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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