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AI brief of an SEC Form 8-K · Santander Holdings USA, Inc. (SNUS-PH)

Santander completes acquisition of Webster Financial Corporation

Neutral Impact 5 of 5 m&a Written later

On August 20, 2026, Santander Holdings USA, Inc. announced it completed its acquisition of Webster Financial Corporation through a series of transactions. Webster shareholders received 2.0548 Banco Santander ADSs and $48.75 in cash per share, and SHUSA assumed Webster Virginia's senior and subordinated notes. The filing says the combined bank has pro forma assets of about $327 billion, and the company expects the deal to help it reach around 18% return on tangible equity in the United States by 2028.

Key points

  • Each Webster common share was exchanged for 2.0548 Banco Santander ADSs and $48.75 in cash, without interest.
  • Pro forma balance sheet of about $327 billion in assets, $185 billion in loans and $172 billion in deposits, based on December 31, 2025 balances.
  • SHUSA assumed 4.100% Senior Notes due March 25, 2029 and 5.784% Fixed Rate Reset Subordinated Notes due September 11, 2035.
  • Webster preferred stock Series F and G converted into SHUSA Series H and Series I Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock.

The filing

CompanySantander Holdings USA, Inc. (SNUS-PH)
Form8-K, current report
Filed with the SECAug 20, 2026, 6:09 AM ET
Accession number0000950103-26-012673

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation3.03 Change to Shareholder Rights5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.