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Santander Receives Federal Reserve Approval to Acquire Webster Financial

Santander logoSantander
Sig4.25Sen+4.65Env0.00Soc+1.40Gov+2.20
Webster Financial logoWebster Financial
Sig4.20Sen+3.40Env0.00Soc+1.80Gov+3.20

Banco Santander and Webster Financial said the Federal Reserve Board of Governors has approved Santander’s previously announced acquisition of Webster. The deal is expected to close on August 20, 2026, after which most Webster businesses would move into Santander Bank, N.A. Santander expects the transaction to strengthen its U.S. franchise and support delivery of its financial objectives.

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