Santander to Buy Webster Bank in $12.3B Deal Expanding U.S. Banking Footprint
TL;DR Summary
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.
- In major $12.3B deal, Webster Bank to be acquired by Santander Bank Hartford Business Journal
- Santander falls nearly 4% amid plan to buy U.S. bank Webster for $12.2 billion CNBC
- Santander Agrees to Buy US-Based Webster for $12.2 Billion Bloomberg.com
- Stamford-based Webster Bank to be acquired by Banco Santander for $12.2 billion CT Insider
- Santander says $12 billion U.S. bank deal will cost less than 7 times earnings. The market isn’t buying it. MarketWatch
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