{"id":45995,"date":"2026-06-25T18:24:25","date_gmt":"2026-06-25T18:24:25","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/45995\/"},"modified":"2026-06-25T18:24:25","modified_gmt":"2026-06-25T18:24:25","slug":"santander-gets-occ-nod-to-fold-in-webster-bank","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/45995\/","title":{"rendered":"Santander Gets OCC Nod to Fold In Webster Bank"},"content":{"rendered":"

The planned acquisition of Connecticut-headquartered\u00a0Webster Bank<\/a>\u00a0by\u00a0Banco Santander<\/a>\u00a0has moved a step closer to getting the regulatory approvals it needs.<\/p>\n

The\u00a0Office of the Comptroller of the Currency<\/a>\u00a0(OCC) approved the application for the bank merger on Friday (June 12), Webster Bank holding company\u00a0Webster Financial<\/a>\u00a0said in a\u00a0filing<\/a>\u00a0with the\u00a0Securities and Exchange Commission<\/a>\u00a0(SEC).<\/p>\n

The acquisition remains subject to customary closing conditions, including approval by the\u00a0Federal Reserve Board<\/a>\u00a0and the\u00a0European Central Bank<\/a>, according to the filing.<\/p>\n

In a Feb. 3 announcement of its plan to\u00a0acquire<\/a> Webster Bank, Santander said the\u00a0$12.2 billion\u00a0deal would create a combined business that would be a top 10 retail and commercial bank in the United States by assets and a top five deposit franchise across key states in the Northeast.<\/p>\n

For customers, the combined business would offer access to a broader branch and service footprint, enhanced digital and mobile banking capabilities, expanded product offerings and local relationship-based service backed by one of the world\u2019s largest banking groups, Santander said in the announcement.<\/p>\n

Santander said it expected the transaction to close in the second half, subject to customary closing conditions.<\/p>\n

In Webster Financial\u2019s own Feb. 3 announcement of the deal,\u00a0Chairman\u00a0and CEO\u00a0John R. Ciulla<\/a>\u00a0said that the transaction would create an even stronger partner for Webster Bank\u2019s clients.<\/p>\n

About three months later,\u00a0in\u00a0an April 28\u00a0earnings release<\/a>\u00a0for the quarter ended March 31, Ciulla said the Webster Financial was making \u201csignificant progress\u201d toward the merger.<\/p>\n

\u201cOur proposed transaction with Banco Santander will enhance our ability to support our clients and the communities we serve, while unlocking new opportunities for growth,\u201d Ciulla said in the release. \u201cWe are making significant progress planning for the integration of two highly complementary banking organizations.\u201d<\/p>\n

Santander said in a March 27\u00a0press release<\/a>\u00a0that shareholders at its annual general meeting approved a capital increase required for the acquisition, \u201cenabling the transaction to move forward and effectively completing the key corporate step on Santander\u2019s side.\u201d<\/p>\n

Santander Executive Chair\u00a0Ana Bot\u00edn<\/a>\u00a0said in the release: \u201cThe combination of Santander\u2019s leadership in consumer finance with Webster\u2019s commercial franchise and its high-quality deposit base positions us as a well-diversified regional bank and will enable us to capture new growth opportunities and generate synergies.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The planned acquisition of Connecticut-headquartered\u00a0Webster Bank\u00a0by\u00a0Banco Santander\u00a0has moved a step closer to getting the regulatory approvals it needs.…\n","protected":false},"author":2,"featured_media":45996,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[1758,144,273,1469,1470],"class_list":["post-45995","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banco-santander","tag-acquisitions","tag-banco-santander","tag-news","tag-pymnts-news","tag-whats-hot"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/45995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=45995"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/45995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/45996"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=45995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=45995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=45995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}