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

Banco Santander has acquired Webster Financial, a banking business in Connecticut, for $48.75. Webster Financial provides retail and commercial banking services through its banking operations, giving Santander a stronger U.S. footprint in financial services M&A. The banking acquisition supports Banco Santander acquisitions by expanding strategic acquisition capabilities and CT acquisitions in a regulated market. The merger acquisition is a strategic acquisition by a strategic buyer, with deal consideration reported across multiple preferred and common share components totaling more than $100M, and the Webster Financial acquisition is structured through a reincorporation merger followed by a statutory share exchange.