$WBS (WEBSTER FINANCIAL) — 8-K: Fed approves Santander's acquisition of Webster, closing set for August 20, 2026

Banco Santander and Webster Financial Corporation received Federal Reserve Board approval for Santander's acquisition of Webster. The transaction, which also received OCC approval on June 12, 2026 and ECB authorization on July 21, 2026, is expected to close on August 20, 2026. Santander expects the deal to generate approximately 7-8% earnings per share accretion and an estimated 15% return on invested capital by 2028. The combined U.S. business is projected to achieve a return on tangible equity of around 18% by 2028.

Banco Santander and Webster Financial Corporation received Federal Reserve Board approval for Santander's acquisition of Webster. The transaction, which also received OCC approval on June 12, 2026 and ECB authorization on July 21, 2026, is expected to close on August 20, 2026. Santander expects the deal to generate approximately 7-8% earnings per share accretion and an estimated 15% return on invested capital by 2028. The combined U.S. business is projected to achieve a return on tangible equity of around 18% by 2028.