All articles tagged with #webster financial
Santander plans to acquire Webster Financial in a $12.2 billion deal funded with stock and cash, creating a top-10 US retail and commercial bank with about $327 billion in assets and about $800 million in annual cost synergies; the transaction is expected to close in the second half of 2026, signaling Santander's intensified push into the US market, which helped lift its 2025 net profit to a record €14.1 billion.
Banco Santander will acquire Webster Financial in a cash-and-stock transaction valued at about $12.3 billion, with Webster shareholders receiving $48.75 in cash and 2.0548 Santander ADS per Webster share. The deal is subject to customary closing conditions, including regulatory and stockholder approvals, and is expected to close in the second half of 2026. Webster will become a wholly owned subsidiary of Santander, with leadership integrated into Santander's U.S. operations.
Banco Santander agreed to acquire Webster Financial in a $12.3 billion cash-and-stock deal, paying Webster shareholders $48.75 in cash and 2.0548 Santander American Depositary Shares per Webster share; Webster would become a wholly owned unit of Santander Bank NA, with Webster CEO John Ciulla joining Santander leadership, and the deal is expected to close in the second half of the year.
Santander plans to acquire Webster Financial (Webster Bank) in a deal valued at about $12.2 billion, expanding the Spanish bank's footprint in the US; the merger is subject to regulatory approvals and standard closing conditions.