SANTANDER BANK


Associated tags: Banco Santander, Risk management, Treasury, Santander Bank, Banking, Professional Services, Finance, NYSE, Bank

Locations: BOSTON, NEVADA, LAS VEGAS, UNITED STATES, NORTH AMERICA, RHODE ISLAND, UNITED KINGDOM, LATIN AMERICA, DELAWARE, NEW JERSEY, CHINA, NEW HAMPSHIRE, ASIA, EUROPE, MASSACHUSETTS, CONNECTICUT, PENNSYLVANIA, NEW YORK, SANTANDER, TAIWAN, CANADA

Most Americans Missing Out on Earning Higher Interest on Savings, Santander Bank Survey Finds

Retrieved on: 
Wednesday, May 8, 2024

(“Santander Bank” or “the Bank”) today announced findings from its inaugural Growing Personal Savings (“GPS”) Tracker, a new series analyzing how Americans approach growing their savings.

Key Points: 
  • (“Santander Bank” or “the Bank”) today announced findings from its inaugural Growing Personal Savings (“GPS”) Tracker, a new series analyzing how Americans approach growing their savings.
  • Those describing themselves as having lower financial knowledge were far more likely to be earning less than 3% in interest on their savings.
  • For example, 80% of those that know their rate and describe their financial knowledge as “novice” were earning less than 3%.
  • On the other end of the spectrum, 74% of those that know their rate and describe themselves as “experts” were earning 3% or more.

Rhode Island Business Leaders Express Cautious Optimism About Economy During Annual Forum Hosted by Santander Bank and Greater Providence Chamber of Commerce

Retrieved on: 
Tuesday, April 30, 2024

(“Santander” or “the Bank”) and the Greater Providence Chamber of Commerce today hosted their 21st Economic Outlook Breakfast for Rhode Island’s business community.

Key Points: 
  • (“Santander” or “the Bank”) and the Greater Providence Chamber of Commerce today hosted their 21st Economic Outlook Breakfast for Rhode Island’s business community.
  • Approximately 300 people gathered at the Crowne Plaza in Warwick, Rhode Island for the event, which gives business, education, healthcare, government and community leaders a forum to discuss the economy and changing dynamics of Rhode Island.
  • The Greater Providence Chamber of Commerce is Rhode Island’s only statewide chamber of commerce.
  • Our mission is to ensure every GPCC member is prepared to become or continue to be a thriving Rhode Island business.

Santander Names Swati Bhatia Head of Retail Banking and Transformation

Retrieved on: 
Wednesday, March 27, 2024

(“Santander Bank” or “the Bank”) announced today that Swati Bhatia has joined as head of Retail Banking and Transformation, effective immediately.

Key Points: 
  • (“Santander Bank” or “the Bank”) announced today that Swati Bhatia has joined as head of Retail Banking and Transformation, effective immediately.
  • Bhatia reports to Tim Wennes, Santander Bank CEO and Santander US country head, and to Daniel Barriuso, global head of Retail and Commercial Banking and Group Transformation.
  • “Santander is a respected and innovative global banking leader, and I am excited to be joining the Retail Bank business at this pivotal moment of transformation and growth.
  • Santander’s globally connected technology platforms and depth of digital expertise provides a competitive advantage and positions the business for profitable growth in the U.S. market,” said Swati Bhatia, head of Retail Banking and Transformation in the U.S.

Santander Closes on Transaction with the FDIC to Service Signature Bank's Multifamily Real Estate Assets

Retrieved on: 
Wednesday, December 20, 2023

("Santander" or "the Bank") today announced that it has closed a transaction with the Federal Deposit Insurance Corporation (FDIC) to participate in a joint venture that consists of a $9 billion portfolio of New York based multifamily real estate assets retained by the FDIC following the failure of Signature Bank.

Key Points: 
  • ("Santander" or "the Bank") today announced that it has closed a transaction with the Federal Deposit Insurance Corporation (FDIC) to participate in a joint venture that consists of a $9 billion portfolio of New York based multifamily real estate assets retained by the FDIC following the failure of Signature Bank.
  • "This transaction underscores our strength and scale, leveraging our considerable expertise in the sector," said Ana Botín, Banco Santander executive chair.
  • The Bank has a $13.5 billion multifamily real estate portfolio, is a leading multifamily bank real estate lender in the United States and holds an Outstanding Community Reinvestment Act (“CRA”) rating.
  • "Santander US is a top-ten multifamily bank real estate servicer and lender and this transaction will leverage that industry expertise while also deepening our franchise in the New York metro market," said Tim Wennes, Santander US country head and Santander Bank president and CEO.

Santander Bank Introduces New Essential Checking Account

Retrieved on: 
Thursday, November 16, 2023

(“Santander” or “the Bank”) today announced a new consumer checking offering, Santander® Essential Checking (“Essential Checking” or “account”), to make banking easier for its customers.

Key Points: 
  • (“Santander” or “the Bank”) today announced a new consumer checking offering, Santander® Essential Checking (“Essential Checking” or “account”), to make banking easier for its customers.
  • Essential Checking is certified by the Cities for Financial Empowerment Fund as meeting the Bank On National Account Standards , which indicates that the account meets over 25 features for customers who are looking to improve their finances a safe, affordable and useful banking offering to access and manage their money.
  • Essential Checking joins three other easy-to-use checking accounts in Santander’s suite of offerings, and customers have the ability to choose an account that fits their personal needs and financial goals.
  • It is overseen by Santander Holdings USA, Inc., Banco Santander’s intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com .

Birchway Tropicana Aims to Bring High Quality Living at Value Pricing to Las Vegas

Retrieved on: 
Tuesday, November 14, 2023

"Birchway Tropicana will be the first new, non-student-centric apartment community in the Paradise submarket to deliver in late 2024," said Billy Cundiff, Managing Director, Development, Greystar.

Key Points: 
  • "Birchway Tropicana will be the first new, non-student-centric apartment community in the Paradise submarket to deliver in late 2024," said Billy Cundiff, Managing Director, Development, Greystar.
  • "The community has everything residents need, including dining, retail and other modern conveniences, offering comfortable, efficient living at attainable rent levels."
  • Birchway Tropicana is conveniently located close to the University of Nevada, Las Vegas, the Las Vegas strip and major employers.
  • Birchway Tropicana is developed together with our equity partner SofMac Partners and construction lender Santander Bank, N.A.

Santander Bank Unifies U.S. Commercial Businesses, Names Michael Lee Head of Commercial Banking

Retrieved on: 
Thursday, October 19, 2023

(“Santander” or “the Bank”) recently unified its commercial & industrial business and its commercial real estate & vehicle financing business into one Commercial Bank in the United States under the leadership of Michael Lee.

Key Points: 
  • (“Santander” or “the Bank”) recently unified its commercial & industrial business and its commercial real estate & vehicle financing business into one Commercial Bank in the United States under the leadership of Michael Lee.
  • Mike joined Santander in 2009, and most recently served as Managing Director and Head of Commercial Real Estate & Vehicle Finance.
  • He will continue to report to Tim Wennes, Santander US CEO and Country Head, and Santander Bank President and CEO.
  • “Mike has spent more than 40 years in banking, which includes leadership roles with Santander and its predecessor companies.

Santander Bank Raises Its Prime Rate to 8.50%

Retrieved on: 
Wednesday, July 26, 2023

announced today it has raised its prime rate from 8.25% to 8.50% effective July 26, 2023.

Key Points: 
  • announced today it has raised its prime rate from 8.25% to 8.50% effective July 26, 2023.
  • Santander Bank, N.A.
  • The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) - one of the most respected banking groups in the world with 161 million customers in the U.S., Europe, and Latin America.
  • It is overseen by Santander Holdings USA, Inc., Banco Santander’s intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com .

Santander Signs Jon Rahm as New Global Ambassador

Retrieved on: 
Tuesday, July 18, 2023

Today Santander announced the signing of a multi-year agreement with Jon Rahm, one of the world’s best golfers.

Key Points: 
  • Today Santander announced the signing of a multi-year agreement with Jon Rahm, one of the world’s best golfers.
  • View the full release here: https://www.businesswire.com/news/home/20230718770187/en/
    Santander signs Jon Rahm as new global ambassador.
  • Rahm will help the Santander brand increase its visibility in North America, where he plays most of his competitive schedule in US, where Santander has a significant presence.
  • Jon Rahm said: “It is an honor to join the Santander family and become an ambassador for the global company.

Santander US Releases 2022 Prosperity with Purpose Report

Retrieved on: 
Wednesday, June 28, 2023

Santander Holdings USA, Inc. (“Santander US”) today released the 2022 Prosperity with Purpose Report , its annual Environmental, Social and Governance report detailing current commitments and efforts to help advance sustainability in our communities.

Key Points: 
  • Santander Holdings USA, Inc. (“Santander US”) today released the 2022 Prosperity with Purpose Report , its annual Environmental, Social and Governance report detailing current commitments and efforts to help advance sustainability in our communities.
  • “Sustainability and inclusivity are core to our purpose of helping people and businesses prosper,” said Tim Wennes, Santander US CEO.
  • In 2022, Santander US issued its inaugural $500 million sustainable bond , which was the first under Santander Group’s Green, Social & Sustainable Funding Global Framework.
  • The 2022 Santander US ESG Report references the Global Reporting Initiative Universal Standards, Sustainability Accounting Standards Board relevant sector standards, and Task Force on Climate-Related Financial Disclosures framework among other standards.