Santander (WBS) files merger pact, seeks OCC approval for bank merger

Santander Holdings USA, Inc. has filed agreement documents and regulatory filings for Banco Santander’s proposed acquisition of Webster Financial Corporation, including a bank-level merger. An Agreement and Plan of Merger was executed on March 30, 2026, and Santander Bank, N.A. submitted a Bank Merger Act application to the OCC for approval. The bank merger is contingent upon the closing of the HoldCo Transactions and the necessary regulatory approvals.