Webster Financial Corp., the holding company for Webster Bank, today announced an agreement under which Banco Santander will acquire Webster in a cash-and-stock transaction. The transaction has an aggregate value of approximately $12.3 billion and is expected to close in the second half of 2026.
Prosperity Bancshares in Houston has agreed to buy Stellar Bancorp in Houston. The $38.5 billion-asset Prosperity said in a press release that it will pay $2 billion in cash and stock for the $10.8 billion-asset Stellar. The deal, which is expected to close in the second quarter, priced Stellar at 181% of its tangible book value.
Stock Yards Bancorp in Louisville, Kentucky, has agreed to buy Field and Main Bancorp in Henderson, Kentucky. The $9.5 billion-asset Stock Yards said in a press release that it will pay $105.7 million in stock for the $861 million-asset Field and Main. The deal, which is expected to close in the second quarter, priced Field and Main at 150% of its tangible book value.
Columbia Financial in Fair Lawn, New Jersey, has agreed to buy Northfield Bancorp in Woodbridge, New Jersey. The $11 billion-asset Columbia said in a press release that it will pay $597 million in cash and stock for the $5.7 billion-asset Northfield. The deal is expected to close in the third quarter.
Tri-County Bank in Stuart, Nebraska, has agreed to buy Butte State Bank in Butte, Nebraska. The merger application was submitted on Jan. 30. The price wasn’t disclosed.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
ABA Banking Journal Staff
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