Santander receives Fed approval for Webster acquisition; closing expected Aug 20, 2026

Santander Holdings USA, Inc.

Federal Reserve approved Santander's acquisition of Webster on Aug 4, 2026; OCC and ECB approvals received earlier.
Transaction expected to close on Aug 20, 2026; Webster will 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.
Webster has over $80B in total assets; combined entity to strengthen Santander's U.S. franchise.

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