Santander Bank, N.A. ranks among the top 25 retail banks in the USA. It operates in nine US States, offering an exclusive group of customers a wide range of banking and other financial products. Headquartered in Boston, Massachusetts, it serves the following states – Massachusetts, Delaware, Connecticut, Maryland, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island – with over 700 retail banking branches and more than 2300 ATMs.
A member of the Federal Deposit Insurance Corporation and the Federal Reserve System, Santander Bank is regulated by the Office of the Comptroller of the Currency. According to the FDIC data as on Sep 30, 2013, the bank shows a strong financial portfolio with $74,218,976 of assets and $12,798,514 of equity capital. Its liabilities stood at just $6,420,462 when the last audit was done by FDIC. Finally, the company has made a net profit of $185,485 during the same term.
A wholly owned subsidiary of the Spanish Santander Group, the bank has to offer a wide range of products and services for individuals, small businesses and large corporate organizations. Talking about the personal banking services, Santander Bank primarily deals in retail banking, loans and mortgages, investment and protection, and credit cards. Individuals can open a checking/savings account, choose from a range of CDs, and avail online and mobile banking facilities.
Santander Bank also offers a selection of mortgage and loan options. Home buyers can go for fixed-rate as well as adjustable-rate mortgages, besides enjoying benefits of FHA/VA mortgages, first time home buyer program and homeowners assistance. Other borrowers can take the advantages of auto loans, personal loans, home equity loan and savings secured loan at Santander Bank. Moreover, the bank also offers credit cards and lines of credit. Bravo and Sphere are two popular credit cards Santander Bank has to offer in the United States.