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Get filing alertsOCC approves Webster Bank–Santander Bank merger; Fed and ECB approvals still outstanding
Filed June 16, 2026 · Period ending June 12, 2026 · ~1 min read
Key Changes
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OCC approved the merger of Webster Bank into Santander Bank on June 12, 2026, clearing a key regulatory hurdle for the Banco Santander acquisition of Webster Financial.
Item 8.01 verify on EDGAR → -
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The overall acquisition still requires approval from the Federal Reserve Board and the European Central Bank before closing.
Item 8.01 verify on EDGAR →
Summary
On June 12, 2026, the OCC approved Santander Bank's Bank Merger Act application (submitted March 30, 2026) for the merger of Webster Bank into Santander Bank, with Santander Bank surviving. That clears the bank-level merger condition in Banco Santander's previously announced acquisition of Webster Financial; Federal Reserve Board and European Central Bank approvals remain outstanding before the broader deal can close — material regulatory hurdles, not embellishment. Signed by Kristy Berner, EVP and General Counsel.
Section-by-Section Diff
Event · Item 8.01 — Other Events
OCC approved Santander Bank's application to merge Webster Bank into Santander Bank; Fed and ECB still required for the parent acquisition.
Added in current filing · verify on EDGAR →
On March 30, 2026, Santander Bank, National Association ("Santander Bank") submitted a Bank Merger Act application to the Office of the Comptroller of the Currency ("OCC") requesting approval to merge Webster Bank, National Association with and into Santander Bank, with Santander Bank continuing as the surviving entity in such merger (the "Bank Merger"). On June 12, 2026, the OCC approved the application for the Bank Merger.
The OCC approved Santander Bank's Bank Merger Act application for the merger of Webster Bank into Santander Bank (Santander surviving). Webster is the target bank being absorbed — the approval is of Santander's application, not a separate approval 'received' by Webster. Key milestone in Banco Santander's acquisition of Webster Financial; Fed and ECB approvals remain.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 10, 2026 · How we verify