Santander to Acquire Webster Financial Corporation - Federal Reserve Application Notice

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The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956
(12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company
and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company
and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below.

The public portions of the applications listed below, as well as other related filings required by the Board, if any, are
available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors.
This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank
and from the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the

  nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843), and interested persons may express
  their views in writing on the standards enumerated in section 4. Unless otherwise noted, nonbanking activities will be conducted
  throughout the United States.

Comments received are subject to public disclosure. In general, comments received will be made available without change and
will not be modified to remove personal or business information including confidential, contact, or other identifying information.
Comments should not include any information such as confidential information that would not be appropriate for public disclosure.

Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of
Governors, Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001,
not later than May 7, 2026.

A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Executive Vice President) 600 Atlantic Avenue, Boston, Massachusetts 02210-2204. Comments can also be
sent electronically to BOS.SRC.Applications.Comments@bos.frb.org:

1. Banco Santander, S.A., Boadilla del Monte (Madrid), Spain, and Santander Holdings USA, Inc., (together, “Santander”) Boston, Massachusetts; to acquire Webster Financial Corporation (“Webster”), and thereby indirectly acquire Webster Bank, National Association, both of Stamford, Connecticut. In addition, Santander, through the acquisition of Webster, would indirectly acquire MW Advisor Holding, LLC, MW Advisor, LLC, and Marathon Direct Lending SLP, LLC, all of Wilmington, Delaware, and thus engage in investment advisory activities pursuant to section 225.28(b)(6) of the Board's Regulation Y.

Board of Governors of the Federal Reserve System.

Michele Taylor Fennell, Associate Secretary of the Board. [FR Doc. 2026-06718 Filed 4-6-26; 8:45 am] BILLING CODE P

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