Santander Bank Headquarters Information

Santander Bank was formerly known as Sovereign Bank. It’s now a subsidiary of the Santander Group from Spain. The bank is Boston-based and mainly focuses its operations on the northeast of the country.

After it was acquired by the Santander Group in 2013, it was rebranded as Santander Bank and all properties to which Sovereign Bank had naming rights such as the arena and stadium were also renamed.

Quick Facts About Santander Bank

• The bank currently has deposits of up to $54.7 billion
• Santander Bank has 650 branches in its areas of operations and more than 2000 ATMs
• The bank is a major employer with a workforce of about 9800 people

A Brief History

Santander Bank was founded as Sovereign Bank in 1902 in Wyomissing, Pennsylvania. At that time, it was a savings and loans association. Most of the bank’s early clients were textile workers.

The bank owes its current size to the savings and loan crisis in the 80s and 90s. During this time, as the Federal Savings and Land Insurance Corporation was closing down failing institutions, Sovereign Bank went on an acquisition spree. In 2000, the bank was Boston Area’s 3^rd largest retail bank.

The parent company of Santander Bank was founded 45 years before Sovereign Bank as Banco Santander. In 2006, it would begin the purchase of Sovereign Bank. The purchase would be completed in 2008 after Sovereign lost money from car loans and its purchase of Freddie Mac and Fannie Mae shares.

The company moved its headquarters to Boston from Wyomissing in August 2011 and adopted the Santander name in 2013.

Santander Bank Headquarters

The U.S. headquarters of Santander Bank are located in 75 State Street in Boston, MA. This is a high rise building in the city’s financial district.

The building is 390 feet tall and has 31 stories in total. Apart from Santander Bank, the building also hosts several well-known institutions such as:

• Grant Thornton LLP
• CDM Smith
• LEK Consulting
• LPL Financial etc.

This building was completed in 1988 and is owned by Brookfield Office Properties; a leading commercial real estate company in the world. Some of the building’s features include:

• 840,932 square feet of office space
• 692 parking spaces in a 256,296 square-foot garage
• Granite exterior façade
• Marble, six-story lobby
• 6-story atrium with retail space

Santander Bank Services

As with many banks in the U.S., Santander Bank’s operations are split into three main divisions:

• Personal
• Business
• Corporate

Some of the features of its personal services division include:

• Banking
• Borrowing
• Investments and Protection
• Credit Cards

There are similar features in the company’s business division. These have however been up-scaled to meet the needs of small businesses.

At the corporate level, the bank’s main services are:

• Commercial banking
• Specialty banking and
• Real estate banking

At this level, the bank is able to offer its clients services that can enable them to operate at an international level such as:

• Export trade services
• Foreign exchange
• International trade services and
• Import trade services

The bank can also offer a range of treasury management solutions.

Santander Bank Headquarters Address

75 State Street in Boston, MA

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