Federal Reserve Approves Banco Santander Acquisition of Webster Financial Corporation

The Federal Reserve Board has announced its approval of Banco Santander's application to acquire Webster Financial Corporation and indirectly acquire Webster Bank, National Association.

Banco Santander, S.A., a Madrid-based bank, and Santander Holdings USA, Inc., based in Boston, Massachusetts, will gain control over Webster Financial Corporation through this acquisition.

The approval was announced on August 4, 2026, at 4:30 p.m. EDT.