Santander Expands U.S. Presence with Completion of Webster Acquisition
Santander Holdings USA has completed the acquisition of Webster Financial Corporation, creating a leading retail and commercial bank in the United States with an expanded presence in the Northeast. The combined organization reports pro forma assets of $327 billion and serves nearly eight million customers, supporting a target to achieve around 18% return on tangible equity by 2028.
Key figures
- Rote target
- around 18%
- Customer base
- nearly eight million
- Pro forma loans
- $185 billion
- Pro forma assets
- $327 billion
- Pro forma deposits
- $172 billion
AI analysis
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