Advisors and Timeline
Centerview Partners, Goldman Sachs and Bank of America Europe DAC are serving as Santander’s financial advisers. Davis Polk & Wardwell LLP is acting as U.S. legal adviser, and Uría Menéndez is serving as Spanish legal adviser.
The deal is subject to customary closing conditions, including regulatory and shareholder approvals from both companies. It is expected to close in the second half of 2026.
As Santander to acquire Webster Bank moves toward completion, the transaction signals a recalibration of scale in U.S. banking — a move that could reshape the competitive landscape from New England to the broader national stage.
