Banking And Finance News

Santander to Buy Webster Bank in $12.3B Deal Expanding U.S. Banking Footprint

Santander Bank will acquire Webster Financial Corp., the parent company of Webster Bank, in a $12.3 billion deal that would create a larger, regional lender with a broader U.S. footprint; the agreement is contingent on regulatory approvals and customary closing conditions, with completion expected after clearance from authorities.