secwatch.observer — SEC 8-K summary
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Issuer:     Santander Holdings USA, Inc. (—)
CIK:        0000811830
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0000950103-26-005096
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SHUSA, SBNA, and Webster Bank sign Agreement and Plan of Merger; OCC application submitted
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- Agreement provides for contribution of all Webster Bank (WBNA) shares to SBNA and immediate merger into SBNA.
- Bank Merger contingent on prior HoldCo Transactions closing and OCC approval; application filed March 30, 2026.
- Effective time of bank merger cannot be earlier than closing of HoldCo Transactions (Webster merger and Santander share exchange).
- Transaction is integral step in Banco Santander's acquisition of Webster Financial Corporation announced February 3, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811830/000095010326005096/0000950103-26-005096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811830/000095010326005096/dp244502_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-005096

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