Mergers & Acquisitions ·
Banco Santander, S.A. and Webster Financial Corporation announced that the Board of Governors of the Federal Reserve…
WBS-PGWebster Financial Corp
Banco Santander, S.A. and Webster Financial Corporation announced that the Board of Governors of the Federal Reserve System approved Santander's acquisition of Webster on August 4, 2026. This regulatory approval follows prior clearances from the Office of the Comptroller of the Currency on June 12, 2026, and the European Central Bank on July 21, 2026. The transaction is expected to close on August 20, 2026. Upon closing, most of Webster’s businesses will integrate into Santander Bank, N.A., Santander’s U.S. banking franchise. Santander expects the combination to generate approximately 7–8% earnings per share accretion and an estimated 15% return on invested capital by 2028. Webster Financial Corporation operates as a diversified U.S. retail and commercial bank holding company.