Federal Reserve approves Santander's acquisition of Webster; closing expected Aug 20, 2026

WEBSTER FINANCIAL CORP

Fed approval received Aug 4, 2026; follows OCC approval (June 12) and ECB authorization (July 21).
Transaction expected to close Aug 20, 2026; most Webster businesses to become part of Santander Bank, N.A.
Santander expects U.S. business to achieve ~18% RoTE by 2028, with 7-8% EPS accretion and ~15% return on invested capital.
John Ciulla (Webster CEO) and Ana Botín (Santander Chair) commented positively on the combination.

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