Santander to acquire Webster Financial for $12.3 billion

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Go back to Santander to acquire Webster Financial for $12.3 billion

Webster Financial Corporation Enters Into Merger Agreement With Banco Santander, S.A. for $12.3 Billion

February 3, 2026 1:38 PM EST

Creates Top Ten Retail and Commercial Bank by Assets Nationwide Establishes Top Five Bank by Deposits in the Northeast

Transaction Provides Compelling Value for Webster Stockholders

STAMFORD, Conn.--(BUSINESS WIRE)-- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., today announced the signing of a definitive agreement under which Banco Santander, S.A. (Santander) (NYSE: SAN, Madrid: SAN) will acquire Webster in a cash-and-stock transaction. Under the terms of the agreement, Webster... More