Santander BanCorp Declares Common Shares Dividend
24 August 2007 - 4:50PM
PR Newswire (US)
SAN JUAN, Puerto Rico, Aug. 24 /PRNewswire-FirstCall/ -- The Board
of Directors of Santander BanCorp (NYSE: SBP; LATIBEX: XSBP),
declared a cash dividend amounting to $0.16 per common share. The
dividend shall be payable on October 1, 2007 to shareholders of
record as of September 7, 2007. Cash dividends on common shares are
eligible for direct reinvestment under the Company's Dividend
Reinvestment and Cash Purchase Plan. For additional information on
how to participate in Santander BanCorp's Dividend Reinvestment and
Cash Purchase Plan, shareholders should contact our transfer agent
and registrar, Mellon Investor Services LLC, at (800) 851-9677.
Institutional Background Santander BanCorp is a publicly held
financial holding company that is traded on the New York Stock
Exchange (SBP) and on Latibex (Madrid Stock Exchange) (XSBP). 91%
of the outstanding common stock of Santander BanCorp is owned by
Banco Santander, S.A (Santander). The Corporation has five wholly
owned subsidiaries, Banco Santander Puerto Rico, Santander
Securities Corporation, Santander Financial Services, Inc.,
Santander Insurance Agency, Inc. and Island Insurance Corporation.
Banco Santander Puerto Rico has been operating in Puerto Rico for
three decades. It offers a full array of services through 61
branches in the areas of commercial, mortgage and consumer banking,
supported by a team of over 1,100 employees. Santander Securities
offers securities brokerage services and provides portfolio
management services through its wholly owned subsidiary Santander
Asset Management Corporation. Santander Financial Services, Inc.
offers consumer finance products through its network of 69 branches
throughout the Island. Santander Insurance Agency offers life,
health and disability coverage as a corporate agent and also
operates as a general agent. For more information, visit the
Company's website at http://www.santandernet.com/. Santander
(SAN.MC, STD.N) is the largest bank in the Euro Zone by market
capitalization and seventh in the world by profit. Founded in 1857,
Santander has EUR 833,873 million in assets and EUR 1,000,996
million in managed funds, 67 million customers, 10,852 branches and
a presence in 40 countries. It is the largest financial group in
Spain and Latin America, and is the sixth largest bank in the
United Kingdom, through its Abbey subsidiary, and operates in
Portugal, where it is the third largest banking group. Through
Santander Consumer Finance, it also operates a leading consumer
finance franchise in Germany, Italy, Spain and nine other European
countries. In 2006, Santander registered EUR 7,596 million in net
attributable profits, an increase of 22% from the previous year. In
Latin America, Santander manages over US$250 billion in banking
business volumes (loans, deposits, mutual funds, pension funds and
managed funds) through 4,370 offices. In 2006, Santander reported
US$1,409 million in net attributable income in Latin America, 29%
higher than the prior year. This news release contains
forward-looking statements that are based on current expectations,
estimates, forecasts and projections about the industry in which
the Company operates, its beliefs and its management's assumptions.
Words such as "expects," "anticipates," "targets," "goals,"
"projects," "intends," "plans," "believes," "seeks," "estimates"
and variations of such words and similar expressions are intended
to identify such forward-looking statements. These statements are
not guarantees of future performance and involve certain risks,
uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may differ materially from
what is expressed or forecast in such forward-looking statements.
Except as otherwise required under federal securities laws and the
rules and regulations of the SEC, the Company does not have any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
changes in assumptions or otherwise. DATASOURCE: Santander BanCorp
CONTACT: Maria Calero, +1-787-777-4437, or Evelyn Vega,
+1-787-777-4546, both of Santander BanCorp Web site:
http://www.santandernet.com/
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