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Santander Completes $12.3B Acquisition of Webster Financial

Santander logoSantander
Sig4.70Sen+5.40Env0.00Soc+1.70Gov+2.30
Webster Financial logoWebster Financial
Sig4.65Sen+2.35Env0.00Soc+1.15Gov+1.60

Santander completed its $12.3 billion acquisition of Webster Financial after approvals from the OCC on June 12, the ECB on July 21, and the Federal Reserve in August. Santander Holdings USA has combined Webster’s Connecticut and New York branches with its own network, saying the wider footprint and enhanced digital and product offerings will benefit customers.

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