SANTANDER overview

Santander Holdings USA, Inc. ("SHUSA” or the “Company”) commented on the results of the Federal Reserve’s 2022 Supervisory Stress Test Results. Based on SHUSA’s 2022 Supervisory Stress Test results, the Company’s minimum capital ratios under the Federal Reserve Board (“FRB”) severely adverse scenario ranked in the top quartile among participating banks. Additionally, the Company will be subject to the FRB’s Stressed Capital Buffer, which is expected to be finalized for all...

Santander Bank, N.A. announced today it has raised its prime rate from 4.00% to 4.75%, effective June 15, 2022. Santander Bank, N.A. is one of the country’s largest retail and commercial banks with $102 billion in assets. With its corporate offices in Boston, the Bank’s nearly 8,600 employees and nearly 2 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary...

Santander Bank, N.A. ("Santander Bank,” “Santander” or “the Bank”) announced the opening of its new branch in Boston located at 885 Boylston Street. To commemorate the new branch, Santander recently hosted a grand opening and ribbon cutting, during which Santander executives presented a $50,000 donation to representatives from St. Francis House. Boston City Councilor Kenzie Bok, who represents the Back Bay, was in attendance to celebrate the branch opening. “We have been investing in...

Santander Holdings USA, Inc. ("Santander US” and “Santander”) announced today that it will increase its minimum hourly wage to $20, nearly triple the federal minimum wage and higher than the minimum wage offered by most leading competitors. The wage hike is available to Santander Bank, N.A. and Santander Consumer (“SC”) USA employees who work onsite in branches, call centers and corporate offices. For Santander Bank (“the Bank”) retail branch employees, this latest wage increase...

Santander Consumer USA Holdings Inc. Reports Second Quarter 2021 Results Net Income of $1.1 Billion and $10.5 Billion in Originations in the Second Quarter 2021 PR Newswire DALLAS, July 28, 2021 DALLAS , July 28, 2021 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company") today announced net income for the second quarter ended June 30, 2021 ("Q2 2021") of $1.1 billion , or $3.45 per diluted common share. The Company has declared a cash dividend of $0.22 per...

Santander Consumer USA to Release a New Digital Experience for Automobile Dealers and Consumers Santander Consumer USA is working with AutoFi to transform the automobile financing journey PR Newswire DALLAS, July 27, 2021 DALLAS , July 27, 2021 /PRNewswire/ -- Santander Consumer USA Holdings Inc. ("SC"), today announced that it will debut an innovative digital auto finance experience that will streamline and enhance dealer interaction with SC and SC's customers. The SC solution was developed...

Santander Consumer USA Holdings Inc. Announces Second Quarter 2021 Earnings Release Date PR Newswire DALLAS, July 26, 2021 DALLAS , July 26, 2021 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC") announces the release date of its second quarter 2021 financial results for Wednesday, July 28, 2021 , at 9:00 a.m. Eastern Time . Conference Call Information SC will host a conference call and webcast to discuss its second quarter results and other general matters at 9:00 a.m....

Santander Consumer USA Holdings Inc. Receives Proposal For Remaining Shares from Santander Holdings USA, Inc. PR Newswire DALLAS, July 2, 2021 DALLAS , July 2, 2021 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company"), today announced that it has received a non-binding proposal (the "Proposal") from its majority shareholder, Santander Holdings USA , Inc. ("SHUSA"), to acquire all of the outstanding common shares of SC that are not currently owned by SHUSA....