Santander wins Fed approval for Webster Financial acquisition, eyes Aug. 20 close
WBS•Fed approval clears path to closing
Santander received Federal Reserve clearance to buy Webster Financial, setting up an expected closing on Aug. 20, 2026.
Earlier clearances came from the OCC on June 12, 2026, with ECB authorization on July 21, 2026.
Most Webster businesses are slated to move into Santander Bank, N.A. once the deal closes.
Santander targets about 18% RoTE by 2028 from the combined U.S. business.
The deal is projected to add about 7-8% to earnings per share, with an estimated 15% return on invested capital by 2028.
