Webster Financial announced that its principal bank subsidiary Webster Bank, N.A., has signed a definitive agreement to acquire Ametros Financial Corp, a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners. The transaction is expected to close in the first quarter of 2024, subject to the satisfaction of customary closing conditions and anti-trust review. Upon the close of the transaction, Ametros will operate as a subsidiary of Webster.
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