Banco Santander has reached an agreement to acquire Webster Financial Corporation in a two-step process. Under the terms of the deal, Webster will first merge with a wholly owned subsidiary incorporated in Virginia, with the subsidiary continuing as the surviving entity. Immediately following the merger, Banco Santander will acquire all outstanding shares of the subsidiary through a statutory share exchange. The agreement was unanimously approved by the boards of directors of all involved parties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Webster Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-041328), on February 06, 2026, and is solely responsible for the information contained therein.