Santander Completes Webster Acquisition, Creating $327B U.S. Banking Giant
SAN sits 52% above its 52-week low of $9.31 on elevated volume (6.1× avg).
Summary
Santander has closed its acquisition of Webster Financial, a deal first announced in February 2026 and cleared by the Fed on August 5. The combined U.S. operation now has pro forma assets of $327 billion, loans of $185 billion, and deposits of $172 billion, serving nearly 8 million customers. Leadership is set: John Ciulla, former Webster CEO, now runs Santander Bank, and Luis Massiani becomes COO of Santander US. The deal is expected to help Santander reach an 18% return on tangible equity in the U.S. by 2028. This is a major step in Santander's U.S. expansion, significantly scaling its retail and commercial banking presence in the Northeast.
At the time of this announcement, SAN was trading at $14.15 on NYSE in the Finance sector, with a market capitalization of approximately $211.5B. The 52-week trading range was $9.31 to $15.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.