Banco Santander Acquires Webster Financial Corporation in $12.3 Billion Deal
February 3, 2026
Banco Santander, S.A. will acquire Webster Financial Corporation in a cash-and-stock transaction valued at about $12.3 billion. The deal is expected to expand Santander’s U.S. retail and commercial banking franchise and add Webster’s Healthcare Financial Services platform, with Webster becoming a wholly owned subsidiary of Santander.
- Buyers
- Banco Santander, S.A., Santander Holdings USA, Inc.
- Targets
- Webster Financial Corporation
- Industry
- Financial Services
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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