Business Transformation | 02.03.26

Santander Agrees $12.2 Billion Deal To Buy US Bank Webster Financial

by: Oliver Barnes; Akila Quinio; Barney Jopson

Santander has reached a $12.2 billion agreement to acquire U.S.-based Webster Financial, significantly expanding its retail and commercial banking footprint in the Northeast and placing it among the top 10 US banks by assets. Pending regulatory approval, the deal follows Santander’s £2.65 billion acquisition of U.K. bank TSB and forms part of the bank’s broader global growth strategy. Webster, with more than $80 billion in assets, enhances Santander’s commercial banking capabilities.

Read the full article on Financial Times