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Sept. 22, 2022, 8:40 a.m. EDT

Santander Bank Raises Its Prime Rate to 6.25%

BOSTON, (BUSINESS WIRE) -- Santander Bank, N.A. announced today it has raised its prime rate from 5.50% to 6.25%, effective September 21, 2022.

Santander Bank, N.A. is one of the country’s largest retail and commercial banks with $102 billion in assets. With its corporate offices in Boston, the Bank’s nearly 8,600 employees and nearly 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 +2.46% - one of the most respected banking groups in the world with 157 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/20220922005578/en/

SOURCE: Santander Bank, N.A.

MEDIA:
Andrew Simonelli
andrew.simonelli@santander.us Nancy Orlando
nancy.orlando@santander.us

COMTEX_415035882/2456/2022-09-22T08:40:09

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Copyright Business Wire 2022

/zigman2/quotes/202859081/composite
US : U.S.: NYSE
$ 2.92
+0.07 +2.46%
Volume: 2.20M
Nov. 25, 2022 1:10p
P/E Ratio
5.16
Dividend Yield
2.58%
Market Cap
$49.44 billion
Rev. per Employee
$459,825
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