Banco Santander SA has announced that its recent transaction involving the sale of seven branches in the Allentown, Pennsylvania area to Community Bank, N.A. is currently subject to regulatory approval. The transaction, which is expected to close in the fourth quarter of 2025, also requires the satisfaction of customary closing conditions. As the regulatory review is ongoing, Santander Bank assures that it will communicate with impacted customers to ensure a seamless transition, with no immediate action required from them. This move is part of Santander's strategy to transform into a national, digital-first bank, complementing the growth of its Openbank initiative in the United States.