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Webster Bank makes deal for more medical-related deposits

American Banker - 16 Dec 2023 00:08
Webster Bank makes deal for more medical-related deposits The Connecticut bank agreed to pay $350 million to acquire Ametros Financial, a custodian and administrator of medical funds from insurance claim settlements. Some analysts see the deal as a signal that Webster does not plan to sell its health savings account business, which has been the subject of recent speculation.
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