Santander to Merge Webster Bank into Santander Bank

Santander Holdings USA, Inc. and Santander Bank have entered into an agreement and plan of merger with Webster Bank, National Association. The transaction contemplates Webster Bank merging with and into Santander Bank, National Association.

The filing describes approval by the boards of Santander Bank and Santander Holdings USA, and by the board of Webster Bank. It also references related “HoldCo Transactions” involving Webster Financial Corporation and Banco Santander, S.A., plus subsequent steps to comply with Federal Reserve Regulation YY.

The agreement is dated March 30, 2026, and is structured to use Santander Bank as the surviving bank in the bank merger.