Banco Santander completes Webster Financial acquisition on Aug 20, 2026
WEBSTER FINANCIAL CORP
Each Webster common share exchanged for 2.0548 Santander ADSs plus $48.75 cash; close date Aug 20, 2026.
Webster common and preferred stock delisted from NYSE; Form 25 to be filed, deregistration expected.
All Webster directors and officers departed; John R. Ciulla, Luis Massiani, Frederick J. Crawford, and Maureen B. Mitchell joined SHUSA and SBNA boards.
Webster Virginia merged into Santander Holdings USA; Webster Bank merged into Santander Bank, N.A.
Webster shareholders lose rights to shares, retain only right to receive deal consideration.
As of the effective time of the Share Exchange, John R. Ciulla, Luis Massiani, Frederick J. Crawford and Maureen B. Mitchell became members of the boards of directors of SHUSA and SBNA.
As of the effective time of the Share Exchange, John R. Ciulla, Luis Massiani, Frederick J. Crawford and Maureen B. Mitchell became members of the boards of directors of SHUSA and SBNA.
As of the effective time of the Share Exchange, John R. Ciulla, Luis Massiani, Frederick J. Crawford and Maureen B. Mitchell became members of the boards of directors of SHUSA and SBNA.
As of the effective time of the Share Exchange, John R. Ciulla, Luis Massiani, Frederick J. Crawford and Maureen B. Mitchell became members of the boards of directors of SHUSA and SBNA.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Frederick J. Crawford was appointed as Director at WEBSTER FINANCIAL CORP.
Action
became
Role
Director
Exact text from the filing
As of the effective time of the Share Exchange, John R. Ciulla, Luis Massiani, Frederick J. Crawford and Maureen B. Mitchell became members of the boards of directors of SHUSA and SBNA.
Luis Massiani was appointed as Director at WEBSTER FINANCIAL CORP.
Action
became
Role
Director
Exact text from the filing
As of the effective time of the Share Exchange, John R. Ciulla, Luis Massiani, Frederick J. Crawford and Maureen B. Mitchell became members of the boards of directors of SHUSA and SBNA.
Maureen B. Mitchell was appointed as Director at WEBSTER FINANCIAL CORP.
Action
became
Role
Director
Exact text from the filing
As of the effective time of the Share Exchange, John R. Ciulla, Luis Massiani, Frederick J. Crawford and Maureen B. Mitchell became members of the boards of directors of SHUSA and SBNA.
John R. Ciulla was appointed as Director at WEBSTER FINANCIAL CORP.
Action
became
Role
Director
Exact text from the filing
As of the effective time of the Share Exchange, John R. Ciulla, Luis Massiani, Frederick J. Crawford and Maureen B. Mitchell became members of the boards of directors of SHUSA and SBNA.
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