Santander BanCorp Company Description
Sea and sand are hallmarks of Puerto Rico's geography, and Santander BanCorp is a hallmark of the island's economy. The holding company owns Banco Santander Puerto Rico, one of the largest banks in the commonwealth, providing commercial, consumer, and mortgage banking services through some 70 branches and more than 150 ATMs on the island, and on the Web. Business loans (about 60% of the bank's loan portfolio) and construction loans (some 20%) dominate the bank's lending activities. Subsidiaries provide securities brokerage, asset management, insurance, consumer lending, and international banking services. It is a subsidiary of Spain's Grupo Santander.
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The Company Description provides a historical perspective of Santander BanCorp's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Santander BanCorp's evolution in the marketplace.




