OCC Approves Webster Bank Merger with Santander, Clearing Key Regulatory Hurdle
WBS sits 48% above its 52-week low of $50.66.
Summary
The Office of the Comptroller of the Currency (OCC) has approved the merger of Webster Bank with Santander Bank, effective June 12, 2026. This is a critical regulatory approval for the previously announced acquisition of Webster Financial by Banco Santander, valued at $75.00 per share. The approval removes a significant hurdle, de-risking the deal and moving it closer to completion. Investors will now watch for the final closing of the acquisition.
At the time of this announcement, WBS was trading at $74.82 on NYSE in the Finance sector, with a market capitalization of approximately $12.1B. The 52-week trading range was $50.66 to $75.07. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.