Santander doubles down on its US bet
Banco Santander is strengthening its presence in the US by acquiring Webster Financial and maintaining shareholder remuneration, following a period of record profits and improved stock performance.
Santander and its $12 billion bet on the US market
Santander has completed its largest acquisition to date, purchasing Webster Financial for $12.2 billion as part of its strategy to expand in the US market.
Santander will charge $489 million if Webster Bank breaks the purchase agreement
Santander has a clause in its acquisition deal with Webster Bank that allows it to claim $489 million if Webster opts for another offer.
Santander makes the US its third largest market in assets after purchasing Webster
Santander's US subsidiary has surpassed its Brazilian counterpart in assets and is closing in on its British operations following the acquisition of Webster.
Banco Santander agrees to purchase Webster Bank in the US for 10.16 billion euros
Banco Santander has reached an agreement to acquire Webster Financial Corporation, the parent company of Webster Bank in the United States, for 12.2 billion dollars (approximately 10.16 billion euros), aiming for an 18% return on tangible equity in the US by 2028.
Banco Santander buys Webster Bank for more than 10 billion euros
Banco Santander has announced its acquisition of Webster Financial Corporation for over 10 billion euros, positioning it among the top ten retail and commercial banks in the United States by assets.
Santander agrees to buy Webster Bank for $12.2 billion to grow in the US
Banco Santander has reached an agreement to acquire Webster Financial Corporation, the parent company of Webster Bank, for $12.2 billion to expand its presence in the US market.