FUNDING & CAPITAL MARKETS

Santander recently won federal approval for the acquisition of Webster Financial Corporation, which held Webster Bank. Webster owned over US $ 80bn in total assets, which falls under Spanish banking giant Banco Santander after closing the deal in late August earlier this year. Ana Botín, Executive Chair of Santander, notes:“ Santander US and Webster are a perfect match. Together, supported by Santander’ s global platforms, technology and expertise, we will create a stronger bank with the scale to better serve our customers and communities. This combination will strengthen our position in one of the world’ s most attractive banking markets and put us firmly on track to build one of the highest-performing banks among our US peers.” The acquisition, costing Santander US $ 12.2bn, is set to ensure that Santander’ s performance in the US is stronger; building its customer presence in addition to accelerating financial objectives. Santander expects its US arm to achieve an 18 % return on tangible equity by 2028. The combined franchise will bring a stronger bank to US clients and communities.

Ana Botín Executive Chair

Santander

84 October 2026