Webster Financial Bank Merger with Santander Bank Approved by OCC

Webster Financial announced that the Office of the Comptroller of the Currency (OCC) approved the Bank Merger Act application for the merger of Webster Bank, National Association, with and into Santander Bank, National Association. This approval, granted on June 12, 2026, is a key step in the previously announced acquisition of Webster Financial Corporation by Banco Santander, S.A. The overall acquisition remains subject to customary closing conditions, including approvals from the Board of Governors of the Federal Reserve System and the European Central Bank.