Santander Receives Federal Reserve Approval for the Acquisition of Webster Financial Corporation

- Banco Santander and Webster Financial Corporation announced on August 4, 2026, that they have received official approval from the Federal Reserve Board of Governors to proceed with the acquisition.
- Upon closing, the majority of Webster's business operations will be integrated into Santander Bank, N.A., expanding Santander's banking footprint within the United States.
- The deal is designed to accelerate Santander's financial goals, with the company targeting a return on tangible equity (RoTE) of approximately 18% by 2028.
- By 2028, the transaction is expected to deliver an estimated 15% return on invested capital and an earnings per share accretion of roughly 7–8%.
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