santander.com

Santander receives Federal Reserve approval to acquire Webster Financial

Santander logoSantander
Sig4.19Sen+5.39Env0.00Soc+1.53Gov+1.13
Webster Financial logoWebster Financial
Sig4.39Sen+4.30Env0.00Soc+1.30Gov+1.30

Santander announced it has received Federal Reserve approval for its previously announced acquisition of Webster Financial, following OCC approval on June 12 and ECB authorization on July 21. The deal is expected to close Aug. 20, when most Webster businesses will move into Santander Bank, N.A. Customers need no action, and integration targets include ~18% RoTE by 2028 plus 7–8% EPS accretion and ~15% return on invested capital.

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