Mergers & Acquisitions ·
Banco Santander completed its acquisition of Webster Financial Corporation on August 20, 2026, through a series of…
WBS-PFWebster Financial Corp
Banco Santander completed its acquisition of Webster Financial Corporation on August 20, 2026, through a series of mergers resulting in Webster becoming a wholly-owned subsidiary. Each share of Webster common stock was exchanged for $48.75 in cash and 2.0548 Banco Santander American Depositary Shares. Concurrently, the bank subsidiary merged into Santander Bank, National Association. All Webster directors and officers ceased their roles upon closing, while four individuals were appointed to the boards of Santander Holdings USA, Inc. and Santander Bank. Webster's common stock and preferred shares were delisted from the New York Stock Exchange, and the company intends to file Form 15 to deregister its securities. This is a banking and financial services company.