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March 16, 2022, 5:20 p.m. EDT

Santander Bank Raises Its Prime Rate to 3.50%

BOSTON, (BUSINESS WIRE) -- Santander Bank announced today it has raised its prime rate from 3.25% to 3.50%, effective March 16, 2022.

Santander Bank, N.A. 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 9,200 employees and more than 2 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. /zigman2/quotes/202859081/composite SAN +0.69% - one of the most respected banking groups in the world with 153 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 .

View source version on businesswire.com: https://www.businesswire.com/news/home/20220316006072/en/

SOURCE: Santander Bank, N.A.

MEDIA:
Nancy Orlando
617-757-5765
nancy.orlando@santander.us

COMTEX_404253213/2456/2022-03-16T17:20:07

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Copyright Business Wire 2022

/zigman2/quotes/202859081/composite
US : U.S.: NYSE
$ 2.93
+0.02 +0.69%
Volume: 4.43M
Dec. 6, 2022 4:00p
P/E Ratio
5.18
Dividend Yield
2.57%
Market Cap
$49.59 billion
Rev. per Employee
$459,825
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