Banco Santander, S.A. completed its acquisition of Webster Financial Corporation on August 20, 2026. The transaction valued the deal at $12.3 billion.
The merger creates a leading retail and commercial bank in the U.S. Northeast. This combined entity serves nearly eight million customers. It currently manages approximately $327 billion in assets.
Webster shareholders received $48.75 in cash for each share of common stock. The agreement also provided 2.0548 Banco Santander American Depositary Shares per share. Following the closing, the New York Stock Exchange delisted Webster’s stock.
Webster will operate under its own brand for at least one year. Santander expects to fully consolidate the business under its own name and technology platform by the end of 2027.