If I have accounts at both BrioDirect and Santander Bank, N.A., will my deposits continue to be insured by the FDIC?

Yes. Following the merger, FDIC coverage continues without interruption. Under a special FDIC rule for bank mergers, deposits held as of August 20, 2026 are insured separately for six months, or in the case of certificates of deposit (CDs), the earliest maturity date after the six-month period. After the applicable grace periods, all deposits you hold at the combined bank will be aggregated for FDIC insurance purposes and subject to standard coverage limits. For more information on FDIC coverage, visit fdic.gov.

All deposit products are provided by Santander Bank, N.A. ("Santander Bank"), an insured FDIC institution. BrioDirect is a sub-brand of Webster Bank, a division of Santander Bank, N.A. Webster Bank operates under the trade name BrioDirect. This trade name is used by, and refers to, Webster Bank, a division of Santander Bank, N.A. a single FDIC-insured bank.

Accounts that are opened via www.briodirectbanking.com and marketed by BrioDirect are Santander Bank accounts. Deposits in these accounts are made with Santander Bank. For purposes of determining how much FDIC insurance is applicable to your accounts, you need to consider all accounts maintained with Santander Bank, N.A., such as CD, checking, savings, BrioDirect online accounts and cash held in health benefits accounts with HSA Bank, a division of Santander Bank, N.A.