Santander US (“Santander”) announced a total commitment of more than $14.8 million in charitable giving in 2019 across the United States, including $11.5 million from Santander Bank, N.A., $800,000 through Santander’s Universities program, $2.19 million through the Santander Consumer USA Inc. Foundation, and more than $385,000 from Banco Santander Puerto Rico.
“Santander continues to invest in the communities we serve through our charitable giving. Our charitable giving approach is focused on helping people and businesses prosper, and we recognize the value that financial support provides to the non-profit organizations working to make a difference in the communities we serve.”
Tim Wennes
US Chief Executive Officer
Santander’s charitable giving across the United States focuses on non-profit organizations that drive prosperity in three key areas: financial empowerment, small business and entrepreneurship, and affordable housing and healthy communities. “Santander has identified these areas as key needs of the communities where we live and work,” said Seth Goodall, Santander’s Executive Director of Corporate Social Responsibility. “The organizations we support through grants are able to provide services, programming and resources in these areas to create change in the lives of individuals and families in our communities, which ultimately makes our communities stronger.”
Santander Bank awarded $11.5 million to 336 organizations across two grant cycles in its northeast footprint. The second cycle concluded in October and awarded $6.2 million to 179 organizations supporting low- to moderate-income communities:
- $1.95 million to 63 organizations focused on financial empowerment programming for financial education, workforce development and career readiness
- $927,000 to 26 organizations supporting entrepreneurship and small business through technical assistance, mentoring, educational programming and capital seed grants
- $2.35 million to 90 organizations that improve the quality of life and neighborhoods through support for affordable housing and healthy communities
- $1.01 million in Year Two grants supporting 13 Community Development Financial Institutions (“CDFI”) as part of the Bank’s three year, $3 million CDFI Initiative
Santander Universities, a program focused on supporting higher education, conducted a pilot program in 2019 that included $800,000 in gifts to 17 universities, colleges and community colleges across the United States to fund scholarships and programming for first-generation, entrepreneurial students. The grants will provide workshops, internships, course tuition, mentoring and project funding for more than 300 eligible students.
Santander Consumer, headquartered in Dallas, contributed to Santander’s overall charitable giving through the Santander Consumer USA Inc. Foundation (“the Foundation”), awarding a total of $2.19 million to 24 organizations throughout 2019 within Santander Consumer’s key employment markets of Dallas, TX, Phoenix/Mesa, AZ, and Denver, CO. The Foundation’s awards culminated with a third grant cycle in December, granting $900,000 to nine non-profit organizations.
Banco Santander Puerto Rico is a key contributor to community investment, improvement and higher education in Puerto Rico. In 2019, BSPR provided more than $385,000 in charitable contributions to 73 agencies and institutions of higher education across the island.
To learn more about Santander’s charitable giving programs, program eligibility and the application process, please visit:
- Santander Bank and Santander Universities – For non-profits serving low- to moderate-income individuals and communities in the northeast United States, and for non-profit institutions of higher education, including universities, colleges and community colleges, please visit www.santanderbank.com/us/about/charitable-contributions-program
- Santander Consumer USA Inc. Foundation – For non-profits focused on underserved communities in the greater communities of Dallas, TX, Phoenix/Mesa, AZ, and Denver, CO, please visit www.santanderconsumerusa.com/our-company/foundation
- Banco Puerto Rico Santander – For non-profits focused on low- to moderate individuals and communities in Puerto Rico please visit www.santander.pr
About Santander Holdings USA, Inc.
Santander Holdings USA, Inc. (SHUSA) is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) (Santander), one of the most respected banking groups in the world with more than 125 million customers in the U.K., Europe, Latin America and the U.S. As the intermediate holding company for Santander’s U.S. businesses, SHUSA includes five financial companies with more than 17,500 employees, 5.2 million customers and assets of over $144.8 billion. These include Santander Bank, N.A., one of the country’s largest retail and commercial banks by deposits; Santander Consumer USA Holdings Inc. (NYSE: SC), an auto finance and consumer lending company; Banco Santander International of Miami; Banco Santander Puerto Rico and Santander Securities LLC; and Santander Investment Securities Inc. For more information about Santander Bank, visit www.santanderbank.com. For more information about Santander Consumer USA Inc., visit www.santanderconsumerusa.com
MEDIA CONTACTS:
Laurie Kight
214-801-6455
laurie.kight@santander.us
Nancy Orlando
617-757-5765
nancy.orlando@santander.us
Santander Bank today announced that its Commercial Banking division closed a $75 million asset-based revolving credit facility on behalf of Wind Turbine & Energy Cables Corporation (WTEC). Santander acted as administrative agent, sole lead arranger and sole bookrunner on the credit facility. WTEC is a diversified, leading manufacturer of a wide range of wire, cable and steel products and services for use in the energy sector. WTEC products are used in the wind turbines, solar panels, utility transmission lines and substations and oil and gas drilling industries. The financing will help to further support the company’s long-term growth strategy both domestically and abroad.
“WTEC has been successfully investing in and scaling its U.S. footprint by developing and enhancing its product offerings and capabilities, penetrating new market sectors, and broadening its international operations and reach. We believe the company will benefit from our international expertise and experience in the clean energy space, and we appreciate the opportunity to continue our long-term support of WTEC in this dynamic industry.”
Ellen Marshall
Market Director, New York and New Jersey Middle Market Banking at Santander Bank.
WTEC was founded in 2002 and is globally headquartered in Hasbrouck Heights, New Jersey. The company has systematically developed and constructed a state-of-the-art 50-acre manufacturing campus in Milton, Florida. The campus consists of four facilities with more than 600,000 square feet of indoor manufacturing space to provide scalability and flexibility as the company executes on its growth strategies.
“Santander’s customized approach and global reach made it the perfect financial institution to partner with and support our aggressive growth strategy. We are excited to work with the Santander team as we continue to grow our business”
Sherie Singh-Cho
Chief Financial Officer of WTEC.
Santander Bank, N.A. is one of the country’s largest retail and commercial banks and an active provider of capital, treasury management, risk management and international solutions. Santander earns the loyalty of its commercial banking clients by offering services that help them manage their operating needs, maximize their working capital and grow their businesses domestically and internationally. 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 more than 125 million customers in the U.S., Europe and Latin America. For more information, please visit www.santanderbank.com/us/commercial.
MEDIA CONTACTS:
Laurie Kight
214-801-6455
laurie.kight@santander.us
Nancy Orlando
617-757-5765
nancy.orlando@santander.us
Santander Bank, N.A. (“Santander Bank” or “the Bank”) announced today that Pierre P. Habis has been named Head of Consumer and Business Banking, effective May 4, 2020. He will report to Tim Wennes, Santander US CEO and Country Head, and Santander Bank President and CEO.
In his role, Habis will oversee the next phase of the Consumer Bank’s growth and transformation while working to build an array of new competitive products and services for consumers and businesses. He will have responsibility for retail banking and investments, business banking, residential and consumer lending, deposit products, customer experience, marketing, digital, first line risk management and analytics/decision science.
“I am delighted to welcome Pierre to Santander US. His appointment further strengthens our US management team at a critical point as we embark on the next phase of our ambitious transformation plans. Pierre’s deep banking and finance experience will be invaluable as we continue to strengthen our regulatory framework, deepen and improve customer relationships, increase profitability, and enhance our culture.”
Tim Wennes
CEO and President, Santander Bank, N.A.
Santander Bank, N.A. is one of the country’s largest retail and commercial banks with $85 billion in assets. With its corporate offices in Boston, the Bank’s approximately 10,000 employees, nearly 600 branches, more than 2,000 ATMs and 2.1 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 of Madrid-based Banco Santander, S.A. (NYSE: SAN) – one of the most respected banking groups in the world with more than 145 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.
CONTACTS:
Santander US Media Relations
Laurie Kight
214-801-6455
mediarelations@santander.us
Santander Bank Media Relations
Nancy Orlando
617-757-5765
mediarelations@santander.us