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What states are santander banks in?

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Answer # 1 #

Santander Bank, N. A. (/ˌsɑːntɑːnˈdɛər/), formerly Sovereign Bank, is an American bank operating as a wholly-owned subsidiary of the Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States. It has $57.5 billion in deposits, operates about 650 retail banking offices and over 2,000 ATMs, and employs approximately 9,800 people. It offers an array of financial services and products, including retail banking, mortgages, corporate banking, cash management, credit card, capital markets, trust and wealth management, and insurance.

Sovereign Bank was rebranded as Santander Bank on October 17, 2013; the stadium, arena, and performing arts center for which it has naming rights were also rebranded.

Santander Bank, N.A., was founded on October 8, 1902 as Sovereign Bank, a savings and loan in Wyomissing, Pennsylvania. The company's earliest customers were largely textile workers. Sovereign expanded rapidly during the savings and loan crisis of the 1980s and 1990s, acquiring numerous other banks. In 2000, Sovereign bought 278 New England branches from the newly merged FleetBoston Financial, becoming the third-largest retail bank in the Boston area. This transaction was driven by a requirement from bank regulators that Fleet Bank and BankBoston divest 306 branches as a condition for merger.

Forty-five years before the founding of Sovereign Bank, its future parent was founded as Banco Santander on 15 May 1857, with the approval of Queen Isabel II of Spain. The bank grew and in the 1920s started to build a network of branches. In 1942 it opened in Madrid. In 1934 Emilio Botín Sanz de Sautuola y López became director, and in 1950, chairman. He expanded the bank throughout Spain, and in 1957 it was Spain's seventh-largest bank. In 1976 it acquired First National Bank of Puerto Rico, and in 1982 Banco Español-Chile. In 1986, Emilio's oldest son, Emilio Botin-Sanz de Sautuola y García de los Ríos, succeeded him. In the late 1980s he acquired CC-Bank in Germany and a stake was in Banco de Comercio e Industria in Portugal. In 1989, the "Supercuenta Santander" was launched.

Sovereign bought the naming rights to Mercer County's new arena in 1999 in support of newly acquired Trenton Savings Bank (formerly TSFS) and other New Jersey branches for a ten-year term. In following years, the bank also named the Sovereign Center arena and Sovereign Performing Arts Center in Reading, Pennsylvania, and Sovereign Bank Stadium in York, Pennsylvania.

In June 2006, Banco Santander purchased almost 20% of Sovereign Bank for $2.4 billion. As Banco Santander owned 25% of Sovereign, it had the right to buy the bank for $40 per share for one year beginning in the middle of 2008. On June 1, 2006, Sovereign Bank purchased Independence Community Bank Corp. of Brooklyn, New York, for $3.6 billion in cash. Sovereign completed the transition process of Independence and S.I. Bank & Trust customers on September 9, 2006. Sovereign financed this merger through its partial sale to Spain's Banco Santander Central Hispano.

On October 13, 2008, Banco Santander purchased the remainder of Sovereign for $1.9 billion. Sovereign Bank was severely affected by losses related to auto loans and stock in Fannie Mae and Freddie Mac. Banco Santander had previously seen a loss of over $1 billion on its investment in Sovereign, when the latter's share price tumbled after being downgraded by Moody's in September 2008. On January 30, 2009, Banco Santander completed its acquisition of Sovereign Bank, for about $2.51 per share.

In August 2011, the bank announced its plans to formally relocate its U.S. headquarters from Wyomissing, Pennsylvania, to Boston, Massachusetts, where its top executives had already been located for the previous few years.

In late September 2011, the bank announced that it would officially change its name to "Santander" as part of its parent company's goal to create a global brand. The rebranding was completed on October 17, 2013.

In March 2015, Scott Powell was appointed head of U.S. business at Santander, and CEO of Santander Holdings USA, replacing Roman Blanco. Powell left his role as CEO in December 2019. He was replaced by Timothy Wennes.

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Our purpose is to help people and businesses across the U.S. prosper. We aim to be the bank of choice in each of our markets and to enhance our position as a national leader in auto finance by acting responsibly and earning the lasting loyalty of our people, customers, shareholders and communities.

Santander Bank, N.A. (SBNA) is one of the country’s largest retail and commercial banks with $89.5 billion in assets. With its corporate offices in Boston, the Bank’s approximately 9,000 employees and more than 2 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware.

Learn more about SBNA

Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) is a full-service consumer finance company focused on vehicle finance, third-party servicing and delivering superior service to more than 2.9 million customers across the full credit spectrum. SC, which began originating retail installment contracts in 1997, had an average managed asset portfolio of approximately $60 billion (for the first quarter ended March 31, 2020), and is headquartered in Dallas, Texas.

Learn more about Santander Consumer USA

Established in Miami in 1979, Banco Santander International offers holistic private banking and investment services to high-net-worth individuals and non-U.S. residents, with a focus on Latin America.

Learn more about Banco Santander International

Santander Investment Services is a U.S. broker-dealer and Registered Investment Adviser and affiliate of Santander Bank. We provide financial planning and investment advice for customers at all of our bank branches, and across the US.

The firm has more than 100,000 clients throughout the Northeast and Miami markets, with over $10 billion in assets under management.

Santander US Capital Markets LLC (SanCap) is the institutional broker-dealer of Santander in the United States operating under Santander Corporate & Investment Banking – the global division that supports corporate and institutional clients.

SanCap was formed by merging Amherst Pierpont Securities LLC and Santander Investment Securities Inc.  SanCap primary strengths and capabilities include Structured Products, Emerging Markets Credit and U.S. Investment Grade Credit, U.S. Rates, Short Term Fixed Income, Debt Capital Markets, Investment Banking, Exchange Trade Derivatives, and Cash Equities.

SanCap is a self-clearing member of FICC; Member of FINRA and SIPC.  SanCap holds the Primary Dealer designation received from the Federal Reserve Bank of New York.

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With its corporate offices in Boston, the Bank's approximately 9,000 employees and more than 2 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware.

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