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The deal was finalised after shareholder and regulatory clearances and fulfilment of other standard closing requirements.\u00a0<\/p>\n
Webster\u2019s operations have largely been folded into Santander Bank.\u00a0<\/p>\n
The merged banking group has a pro forma balance sheet of roughly $327bn\u00a0in assets, $185bn\u00a0in loans and $172bn\u00a0in deposits, based on figures as of 31 December 2025.\u00a0<\/p>\n
Former Webster Bank CEO John Ciulla has now taken on the role of CEO at Santander Bank.\u00a0<\/p>\n
Ciulla said: \u00a0\u201cThis combination allows us to further deepen our local relationships with the support of Santander\u2019s global scale, financial strength, and investment capabilities. Together we are enhancing our ability to deliver broader products and services and remain committed to the trusted partnerships that have always been at the centre of how we serve our customers.\u201d\u00a0<\/p>\n
Santander expects the transaction to contribute to its aim of reaching about 18% return on tangible equity in the US by 2028.\u00a0<\/p>\n
For now, most routine banking arrangements at Santander Bank and Webster Bank are expected to stay the same. \u00a0<\/p>\n
Customers of the two banks are now able to use Santander Bank and Webster Bank ATMs across the US for cash withdrawals without fees.\u00a0\u00a0<\/p>\n
Santander said any later changes would be communicated \u201cwell in advance\u201d and that customers do not need to take any action at present.\u00a0<\/p>\n
Webster\u2019s former headquarters in Stamford, Connecticut, has become a Santander corporate hub in the US, joining the group\u2019s US headquarters in Boston and its corporate hubs in New York, Miami and Dallas.\u00a0<\/p>\n
Santander US CEO Christiana Riley said: \u201cThis is a pivotal moment in Santander\u2019s long journey in the United States that underscores our confidence in the strength and opportunity in the U.S. market. \u00a0\u00a0<\/p>\n
\u201cBy bringing together Santander and Webster, we are combining two organisations with shared values and strong customer relationships. Our five growing businesses will now serve nearly eight million customers across the U.S., with expanded reach and resources to better support their needs and the communities we serve.\u201d\u00a0<\/p>\n
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