Acquiring Company
Banco Santander S.A
Acquired Company
Webster Financial Corporation
Madrid
StamfordFinancial ServicesBankingFinancial ServicesFinanceFintechLendingBankingDescription
Banco Santander S.A. has completed its acquisition of Webster Financial, creating a larger and more diversified U.S. banking franchise. The cash-and-stock deal is valued at approximately $12.3 billion and will enhance Santander's market position, asset base, and product offerings. This strategic move is aimed at generating significant cost synergies and improving profitability, solidifying Santander's presence in the competitive U.S. banking sector.
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Based on deal dataFrequently asked
Who acquired Webster Financial Corporation?
Webster Financial Corporation was acquired by Banco Santander S.A, based in Madrid. The deal was reported on August 21, 2026. Banco Santander S.A. is a prominent global bank with a strong presence in Europe and Latin America. Banco Santander S.A is publicly traded (SAN) and operates in Financial Services.
When did Banco Santander S.A acquire Webster Financial Corporation?
Banco Santander S.A's acquisition of Webster Financial Corporation was reported on August 21, 2026. Banco Santander S.A. has completed its acquisition of Webster Financial, creating a larger and more diversified U.S. banking franchise. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Webster Financial Corporation do?
Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. and its HSA Bank division. It is publicly traded (WBS), operating in Financial Services, and is based in Stamford.
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