AcquisitionsAug 5, 2026, 06:13 AM
Banco Santander Receives Final US Fed Approval for Webster Acquisition
AI Summary
Banco Santander, S.A. announced it has received the final required approval from the Board of Governors of the Federal Reserve System of the United States for its acquisition of Webster Financial Corporation. This follows earlier approvals from the Office of the Comptroller of the Currency and the European Central Bank. The completion of the acquisition is now anticipated to take place on August 20, 2026.
Key Highlights
- Banco Santander received final approval from the US Federal Reserve for the Webster Financial Corporation acquisition.
- Approval from the Board of Governors of the Federal Reserve System was granted on August 4, 2026.
- Previous approvals were obtained from the Office of the Comptroller of the Currency (June 12, 2026).
- The European Central Bank also authorized the acquisition on July 21, 2026.
- Completion of the acquisition is expected to occur on August 20, 2026.
Price Impact
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