secwatch.observer — SEC 8-K summary
======================================

Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001193125-26-035891
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Santander acquires Webster Financial for $12.3B in cash-and-stock; per-share value ~$75.59
--------------------------------------------------------------------------------

- Webster stockholders receive $48.75 cash + 2.0548 Santander ADSs per share; total consideration ~$75.59/share.
- Transaction represents a 16% premium to Webster's 10-day VWAP and >2x Q4 2025 tangible book value.
- John Ciulla to become CEO of Santander Bank NA; Christiana Riley remains SHUSA country head; Luis Massiani becomes COO.
- Deal expected to close in H2 2026, subject to regulatory and stockholder approvals.
- Combined entity to become top-10 retail/commercial bank by assets in US, top-5 by deposits in Northeast.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000119312526035891/0001193125-26-035891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000119312526035891/d101831d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-035891

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer