Prior to the Webster merger, Sterling National Bank provided a full range of banking and financial services to business owners, their families, and consumers, primarily in the greater New York metropolitan and Hudson Valley regions.

[6] The merger was intended to create a larger, more diversified company with a broader range of products and services for small-to-middle market commercial clients and consumers.

[7] On June 30, 2015, Sterling completed the acquisition of Hudson Valley Holding Corp., which further expanded its presence in the greater New York Metropolitan region.

[7] The company also made smaller acquisitions to add specialized products and services, most recently including Damian Services Corp., a payroll financing business (acquired March 2, 2015),[8] and a factoring portfolio from First Capital Corp. (acquired May 18, 2015).

[15] Prior to its acquisition by Webster, the company pursued a strategy of becoming a high-performing banking institution with a focus on serving small to middle market commercial businesses and affluent consumers.