Santander Bank Raises its Prime Rate to 4.00%

BOSTON, March 16, 2017 /PRNewswire/ -- Santander Bank announced today it has raised its prime rate from 3.75% to 4.00%, effective March 15, 2017.

Santander Bank, N.A. is one of the country's top retail and commercial banks by deposits and a wholly owned subsidiary of Banco Santander, S.A. - one of the most respected banking groups in the world. With its corporate offices in Boston, Santander Bank's more than 675 branches and 2,100 ATMs are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank's 9,800 employees are committed to helping our 2.1 million customers make progress toward their financial goals with the support of our call centers, interactive online banking platform and easy-to-use mobile app. Madrid-based Banco Santander (NYSE: SAN) serves more than 125 million customers in the U.K., Europe, Latin America and the U.S. Through its local affiliates, including Santander Bank, Banco Santander is the largest corporate contributor to higher education in the world, investing over $165 million annually in colleges and universities across more than 20 countries, including the U.S. For more information on Santander Bank, please visit www.santanderbank.com.

Media Contacts:

Ann Davis

617-757-5891

ann.davis@santander.us

Nancy Orlando

617-757-5765

nancy.orlando@santander.us

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SOURCE Santander Bank