Banco Santander S.A. - SAN STOCK NEWS

Santander Bank, N.A. has increased its prime rate from 5.50% to 6.25%, effective September 21, 2022. The bank is a major player in retail and commercial banking, boasting $102 billion in assets and nearly 8,600 employees serving almost 2 million customers across multiple states including Massachusetts, New Hampshire, and New York. As a wholly-owned subsidiary of Banco Santander, S.A. (NYSE: SAN), the bank operates under the oversight of Santander Holdings USA, Inc.

Santander US has announced a $2.5 million commitment to City Year over three years to aid educational programs in underserved public schools across the U.S. This contribution includes $1 million for the Whole School Whole Child program and $1.5 million for City Year Dallas. The partnership will empower over 1,000 City Year Corps members with financial education and support, thereby impacting communities in New York, Boston, Miami, Philadelphia, and others. Since 2011, Santander's total contributions to City Year will reach nearly $5 million.

Apex Clean Energy has announced financing for the 224 MW Great Pathfinder Wind project, with a tax equity commitment from Bank of America. This project supports Meta through a power purchase agreement, marking Apex’s fifth collaboration with the tech giant. Upon completion, the wind facility in Iowa is expected to generate $73.9 million in local tax revenue and create nearly 300 jobs during construction. Apex aims to deliver over $50 billion in additional renewable energy projects, reinforcing its commitment to clean energy solutions.

Santander Holdings USA, Inc. has released its 2021 Environmental, Social, and Governance (ESG) report, showcasing its dedication to empowering communities and supporting the green economy. Key highlights include a $14 billion investment in community development, 46,000 individuals receiving financial education, and a commitment to carbon neutrality. Santander has also financed over $24 billion in renewable projects since 2018. The report reflects its efforts across three strategic pillars: empowering people, fostering inclusive communities, and supporting sustainable practices, furthering its commitment to ESG goals.

Rocket Mortgage has been designated as the exclusive preferred mortgage provider for Santander Bank's nearly 2 million clients. This partnership enables Santander customers to access home loan discounts and dedicated resources for enhanced homeownership experiences. Both companies emphasize delivering exceptional service and innovative technology. Rocket Mortgage closed $351 billion in mortgage volume in 2021 and has established a significant presence in online mortgage solutions. Santander Bank, with $102 billion in assets, operates primarily in the Northeastern U.S.

Santander Bank, N.A has announced an increase in its prime rate from 4.75% to 5.50%, effective July 27, 2022. With total assets of $102 billion, Santander is a major player in the banking sector, serving nearly 2 million customers through a workforce of 8,600 employees across several states including Massachusetts, New York, and Pennsylvania. The bank is a subsidiary of Banco Santander, S.A. (NYSE: SAN), which operates on a global scale, catering to 155 million customers worldwide.

Santander Holdings USA, Inc. (SHUSA) announced that its 2022 Supervisory Stress Test results ranked in the top quartile among participating banks. As of March 31, 2022, SHUSA's CET1 ratio was 18.5%, exceeding regulatory requirements. The company aims to demonstrate resilience during severe market stress and maintain a robust capital planning process. SHUSA will adhere to the Federal Reserve's Stressed Capital Buffer, expected to be finalized in August 2022, with future capital actions dependent on various factors including business performance and regulatory approvals.

Santander Bank, N.A. has announced an increase in its prime rate from 4.00% to 4.75%, effective June 15, 2022. This decision affects a wide array of lending products, impacting both retail and commercial banking sectors.

Santander Bank is one of the largest banks in the U.S., holding $102 billion in assets and serving nearly 2 million customers across several states. It operates as a wholly-owned subsidiary of Banco Santander, S.A. (NYSE: SAN).