BOSTON, April 15, 2011 /PRNewswire/ -- Santander Holdings
USA, Inc. ("SHUSA"), parent company of Sovereign Bank, announced
today that its Board of Directors declared dividends on SHUSA's
Preferred Stock and Capital Trust V Securities. A dividend payment
of $0.45625 per depositary share is
payable on May 16, 2011 to holders of
record on May 1, 2011 for the SHUSA's
Series C Non-Cumulative Perpetual Preferred Stock (NYSE: SOVPRC). A
dividend of $0.484375 is payable on
May 16, 2011 to holders of record on
May 13, 2011 for the Capital Trust V
Securities (NYSE: SOVPRB).
About our company
Santander Holdings USA, Inc. (SHUSA) is a wholly owned
subsidiary of Banco Santander, S.A. and is the parent company of
Sovereign Bank, a federally chartered savings bank. SHUSA has
approximately 700 branches, over 2300 ATMS and 11,700 employees
with principal markets in the northeastern United States.
Banco Santander (SAN.MC, STD.N) is a retail and commercial bank,
headquartered in Spain, with a
presence in ten main markets: Spain, Portugal, Germany, the UK, Poland, Brazil, Mexico, Chile, Argentina and the U.S. Founded in 1857,
Santander had approximately 1,217 trillion
euros in assets at the end of 2010. Santander has 92 million
customers, approximately 14,000 branches – more than any other
international bank – and over 170,000 employees. For more
information on Santander, visit http://www.santander.com.
Note: "Safe Harbor" Statement under
the Private Securities Litigation Reform Act of 1995. Statements in
this press release regarding Santander Holdings USA Inc.'s business
which are not historical facts are "forward-looking statements"
that involve risks and uncertainties. For a discussion of such
risks and uncertainties, which could cause actual future events to
differ from those contained in the forward-looking statements, see
"Forward-Looking Statements" in the Company's Annual Report on Form
10-K for the most recently ended fiscal year.
SOURCE Santander Holdings USA, Inc.