Santander to buy Webster for $12.3B

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Operational Brief

Santander will acquire Webster for $12.3 billion; the deal will create a top-10 retail and commercial bank in the U.S. by assets.

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Original Source Material

The acquisition would create a top-10 retail and commercial bank in the U.S. by assets and a top-five deposit franchise across key states in the Northeast, the banks said Tuesday.