REGULATION · US
Federal Reserve approves Santander's $12 billion acquisition of Webster Bank
The Federal Reserve has approved Santander's $12 billion acquisition of Webster Bank, a Connecticut-based lender. The deal is expected to close on August 20, 2026.
WHY IT MATTERS
Major cross-border BFSI consolidation now cleared; signals Fed's comfort with Spanish-headquartered bank expanding U.S. retail footprint; reduces regional bank count by one.
Source: PYMNTS · 2026-08-05