On January 31, 2022, Sterling Bancorp (Sterling) completed its previously announced merger (the Merger) with Webster Financial Corporation (Webster) pursuant to an Agreement and Plan of Merger (the Merger Agreement), dated as of April 18, 2021, between Sterling and Webster.  At the effective time of the Merger (the Effective Time), Sterling merged with and into Webster, with Webster as the surviving corporation in the Merger. At the Effective Time, in accordance with the terms of the Merger Agreement, each of Sterling's twelve (12) directors resigned from the board of directors of Sterling, and Webster expanded the size of its board of directors to fifteen (15) directors.  Seven (7) former directors of Sterling were appointed by the board of directors of Webster to serve as directors of Webster, in each case effective as of the Effective Time:  Jack L. Kopnisky, Mona Aboelnaga Kanaan, John P. Cahill, James J. Landy, Maureen B. Mitchell, Richard L. O'Toole and William E. Whiston.