Santander Bank Reviews, Rates and Information

Bauer Rating ? ★★★★★


Santander Bank is based in Boston, Massachusetts but is a wholly owned subsidiary of the Spanish company Santander Group. Formerly known as Sovereign Bank, the company underwent rebranding to the Santander name in 2013. Customers can visit their bank at over 700 branch locations in the American northeast, as well as 2,300 ATMs. Nearly half of the company's ATMs are located in CVS, a pharmacy that also has roots in the northeast. Several of its branch locations were purchased from the short-lived FleetBoston after the merger between BankBoston and Fleet Financial.

Whatever you're looking for in a bank, you'll be able to find it at your local Santander Bank location. Santander Bank offers everything from basic savings and checking accounts to credit, investing assistance and multiple borrowing options. Santander Bank will even help you to protect your assets through a wide array of insurance services, such as life insurance, renters' insurance and even identity protection. As identity theft is one of the fastest-growing crimes in the United States, the last is an indispensable service. Plan for your financial future with the help of a Santander Bank banker and rest assured that you will be financially secure and well protected.

Santander Bank (FDIC certificate 29950) was established in 1907 and operates through 676 branch offices located in 68 counties in CT, DE, MA, MD, NH, NJ, NY, PA and RI. Mr. Roman Blanco, President & CEO of Santander Bank, leads a team of 9634 employees.The bank's parent holding company, Banco Santander, S.A. is based in Boadilla Del Monte Madr, 0.

Santander Bank, headquartered in Wilmington, DE, is rated five stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a five star rating indicates, among other things, that Santander Bank has at least twice the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.

Santander Bank is a federally chartered commercial bank and member of Federal Reserve. With $90 billion in total assets, the OCC classifies the bank’s asset concentration as "Commercial Lenders" which is defined as institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties exceed 25 percent of total assets.

Trust powers have been granted to the bank which means it has the right to act as a trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, or in any other fiduciary capacity allowed under the laws of the state in which it is located.

Santander Bank Rates

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All rates effective as of 12/02/2015

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