Connecticut’s Webster Bank to Acquire Health Savings Account Provider
STAMFORD — The parent company of Webster Bank, which recently completed its merger with Sterling National Bank, announced on Wednesday an agreement to acquire Bend Financial, a cloud-based provider of health savings accounts.
Boston-based Bend will continue to operate and serve its customers as it does today, pursuant to the agreement. Over time, Bend’s “personalized and connected user experience” will extend to the HSA Bank division of Stamford-headquartered Webster, one of the world’s largest employee benefits solutions providers. country, Webster officials said in their announcement.