Webster Financial Acquired by Banco Santander | Financial Services M&A Deal

Banco Santander has agreed to acquire Webster Financial, a banking business in New York, for $75.63. Webster Financial provides retail and commercial banking services, supporting deposit, lending, and related financial products for customers across New York. Banco Santander acquisitions expand its U.S. banking footprint through a strategic acquisition and financial services M&A focused on scale and market presence. The merger acquisition is structured as a two-step reincorporation merger into a Virginia subsidiary followed by a statutory share exchange, with Webster’s board unanimously approving the agreement.