secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001140361-22-044356
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Financial acquires interLINK deposit platform managing >$9B in sweep deposits
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- Webster Bank signs definitive agreement to acquire StoneCastle Insured Sweep (interLINK) from StoneCastle Partners.
- interLINK administers over $9 billion in deposits via FDIC-insured cash sweep programs between banks and broker/dealers.
- Acquisition adds scalable source of core deposit funding and complements Webster's omnichannel deposit strategy.
- Transaction expected to close in Q1 2023; financial terms not disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000114036122044356/0001140361-22-044356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000114036122044356/brhc10045044_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-044356

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