- CEO
- Christiana Riley
- Full Time Employees
- 4,601
- Sector
- Finance
- Industry
- Major banks
- Address
- Boston United States
- Business
- Santander Holdings USA, Inc., a bank holding company and the intermediate holding company for the U.S. operations of Spain-based Banco Santander, S.A., provides a comprehensive range of retail banking, commercial banking, auto financing, corporate and investment banking, and wealth management services to individual consumers, small and middle-market businesses, large corporations, and institutional clients across the United States. Headquartered in Boston, Massachusetts, and incorporated in 1987, the company operates through principal operating subsidiaries that include Santander Bank, N.A., Santander Consumer USA Inc., Santander Investment Securities Inc., Santander Asset Management, LLC, and Banco Santander International.
The company delivers a diverse portfolio of financial products and services organized across core operating divisions: Retail and Digital Banking offers personal checking, savings, and money market deposit accounts; certificates of deposit; credit and debit cards; residential mortgages; home equity loans and lines of credit; personal unsecured loans; and nationwide digital banking products powered by its Openbank platform; Auto Finance provides direct and indirect automobile financing, vehicle retail installment sales contracts, auto lease servicing, dealership inventory and floorplan financing, and dealer commercial lending solutions; Commercial Banking provides commercial real estate loans, commercial and industrial financing, equipment and asset-based lending, treasury and liquidity management, trade finance, merchant acquiring services, and foreign exchange execution; Corporate and Investment Banking delivers debt and equity capital markets underwriting, syndicated credit facilities, mergers and acquisitions advisory, project and structured finance, and fixed income and equity securities broker-dealer services; and Wealth Management provides private wealth advisory, customized portfolio management, fiduciary and trust services, estate planning, and retail investment solutions.
In recent strategic developments, Santander Holdings USA, Inc. has expanded its scale and national banking footprint through the transformative acquisition and integration of Webster Financial Corporation, broadening its commercial lending, health savings accounts, and Northeast branch distribution to surpass 320 billion dollars in consolidated assets. The institution also launched and scaled Openbank by Santander as its primary nationwide consumer digital banking platform, deploying cloud-native infrastructure to gather consumer deposits and support national lending operations. Furthermore, the company has expanded its U.S. Corporate and Investment Banking franchise through extensive senior advisory hiring and capital markets buildouts, expanded regional presence and hybrid Work Café locations in high-growth metropolitan areas including South Florida, and maintained active capital management through preferred equity issuances and depositary share offerings traded on the New York Stock Exchange.