John Ciulla

Money Moves

As of August 2026: Running the integrated US bank

Spain's Banco Santander closed its $12.3 billion purchase of Webster Financial on August 20, folding Connecticut's Webster Bank into its US operations. The merged bank has about 8 million customers and more than 550 branches, with its US headquarters in Boston. Santander counts it at $327 billion in assets; the Federal Reserve, using a narrower holding-company measure, said $253.6 billion.

Updated Aug 29