Overview
- The acquisition was completed on Thursday, Aug. 20, 2026, when Banco Santander confirmed legal and operational close and began folding most Webster businesses into Santander Bank.
- Santander paid Webster shareholders $48.75 per share plus 2.0548 Santander shares in a transaction split roughly 65% cash and 35% stock.
- To deliver the share component Santander executed a non‑cash capital increase that issued 329,846,438 new shares for about €3.559 billion and raised group equity by roughly 2.2%.
- Regulatory clearances and approvals that enabled the closing included Webster shareholder approval and sign‑offs from the U.S. Federal Reserve, the OCC and the ECB, after an approval process that faced some political scrutiny in the United States.
- Santander says the deal lifts its U.S. balance sheet to about $335.3 billion, targets a U.S. ROTE near 18% by 2028 and expects roughly 7–8% EPS accretion while positioning the bank to scale further in the U.S. retail and commercial market.