Webster completes acquisition of StoneCastle Insured Sweep (interLINK) deposit platform

WEBSTER FINANCIAL CORP

Acquisition closed Jan 11, 2023; interLINK will operate under its brand.
interLINK administers over $9 billion in deposits from FDIC-insured cash sweep programs.
Platform serves broker/dealers and clearing firms with scalable technology.
Integration into Webster expected during Q1 2023; core deposit funding to begin immediately.
Adds technology-enabled deposit channel to Webster's omnichannel capabilities.

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