$WBS

S&P Dow Jones Indices said Reddit Inc. (NYSE: RDDT) will replace AvalonBay Communities (NYSE: AVB) in the S&P 500 effective Aug. 18, ahead of Equity Residential (NYSE: EQR) acquiring AVB. The merged company will be renamed Vivmark Residential (NYSE: VMRK). Sun Communities (NYSE: SUI) will replace Webster Financial (NYSE: WBS) in the S&P MidCap 400 effective Aug. 20, pending Banco Santander’s acquisition.

S&P Dow Jones Indices said Reddit (NYSE: RDDT) will be added to the S&P 500 effective before Aug. 18, 2026, replacing AvalonBay Communities (NYSE: AVB). Equity Residential (NYSE: EQR) is acquiring AVB; the combined firm will be renamed Vivmark Residential (NYSE: VMRK) and stay in the S&P 500. Sun Communities (NYSE: SUI) will join the S&P MidCap 400 before Aug. 20, 2026, replacing Webster Financial (NYSE: WBS), which is being acquired by Banco Santander (NYSE: SAN).

Banco Santander said the Federal Reserve Board granted final regulatory approval for its acquisition of Webster Financial Corp. after prior approvals from the U.S. OCC on June 12, 2026 and the ECB on July 21, 2026. The deal, announced in February for $12.3 billion in cash and stock, is expected to close Aug. 20, 2026. Santander targets ~18% RoTE by 2028 and 7% to 8% EPS accretion.

Santander said the U.S. Federal Reserve approved its $12 billion acquisition of Connecticut-based Webster Bank. The deal is expected to close Aug. 20, after OCC approval in June and ECB approval in July. Santander said most Webster businesses will move into Santander Bank, N.A., and customers need not take action before closing.

Banco Santander said the Federal Reserve Board granted final approval for its acquisition of Webster Financial Corporation. Other regulators had approved in June (OCC) and July (ECB). The deal is expected to close Aug. 20, 2026, with Webster’s operations largely integrated into Santander Bank. Santander targets ~18% return on tangible equity by 2028 and 7% to 8% EPS accretion.

Banco Santander said the US Federal Reserve approved its acquisition of Webster Financial Corporation, parent of Webster Bank. The deal also had OCC approval on 12 June 2026 and ECB approval on 21 July 2026. Completion is expected on 20 August 2026. Santander expects RoTE near 18% in 2028 and EPS up about 7% to 8%.

Banco Santander said it has received U.S. Federal Reserve Board approval to complete its acquisition of Webster Financial Corporation. The bank previously obtained approval from the Office of the Comptroller of the Currency on 12 June 2026 and authorization from the European Central Bank on 21 July 2026. Closing is expected on 20 August 2026.

Banco Santander and Webster Financial said the Federal Reserve approved Santander’s planned acquisition of Webster. The deal also received U.S. OCC approval (June 12, 2026) and European Central Bank authorization (July 21, 2026), and is expected to close Aug. 20, 2026. Santander targets about 18% RoTE by 2028 and 7–8% EPS accretion.

Webster Financial (WBS) is back in focus after releasing its second quarter 2026 results and affirming quarterly cash dividends on both common and preferred stock, drawing attention to income and total return considerations.

Banco Santander said on its Q2 earnings call that it still expects its $12.3 billion acquisition of Webster Financial to close in the second half of 2026. The ECB approved the deal, but Santander still needs Federal Reserve and DOJ sign-offs. Santander cited OCC approval and said political concerns are not derailing regulators’ review.