<div><div></div><div><span><p><strong><span>Webster agreed to be acquired by Banco Santander for implied exchange consideration of $75.00 per share.</span></strong></p><p><strong><span>Key Highlights:</span></strong></p><ul><li><span>Transaction: Webster will merge into a Webster subsidiary, then Banco Santander will acquire that subsidiary via a statutory share exchange.</span></li><li><span>Post-close plans: Banco Santander intends to contribute the subsidiary to Santander Holdings USA and may merge entities, including combining Webster Bank into Santander Bank.</span></li><li><span>Consideration: Exchange consideration implied at $75.00 per Webster share based on Santander reference price used by J.P. Morgan.</span></li><li><span>Litigation: Webster received demand letters and three stockholder complaints alleging disclosure deficiencies; Webster disputes the claims and voluntarily supplemented proxy disclosures.</span></li></ul><p><span>Original SEC Filing: </span>WEBSTER FINANCIAL CORP [ WBS ] - 8-K - May. 18, 2026</p><section><b><span class="heading-JaE7wgR2">Disclaimer</span></b><div><span>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</span></div></section></span></div></div>

<p>Banco Santander will acquire Webster for $75.00 per share in a two-step transaction. Webster will merge into a subsidiary, which Santander will then acquire. Post-transaction, Santander plans to integrate Webster Bank into Santander Bank. Webster faces litigation over disclosure issues, which it disputes and has addressed in proxy disclosures.</p>

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Banco Santander SA-Spon

Webster Financial-Waterbury

JPMorgan Chase

BNB Network Company

Banco Santander, S.A.

WEBSTER FINANCIAL CORP 5.25% NON CUM DEP SHS REP 1/1000 SER F

WEBSTER FINANCIAL CORP 6.5% DEP SHS REP 1/40TH NONCUM PFD SER G

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

CEA INDUSTRIES INC C/WTS 11/02/2027 (TO PUR COM)

CEA Industries

Banco Santander to acquire Webster in two-step transaction valued at $75.00 per share