Banco Santander Acquires Webster Financial Corporation in a $12.3 Billion Deal

February 3, 2026

Banco Santander, S.A. agreed to acquire Webster Financial Corporation in a cash-and-stock transaction valued at approximately $12.3 billion. Webster shareholders will receive $48.75 in cash and 2.0548 Santander American Depository Shares per Webster share, and Webster will become a wholly owned subsidiary of Santander upon closing.

Buyers
Banco Santander, S.A.
Targets
Webster Financial Corporation
Location
Connecticut, United States
Transaction Type
Buyout

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