Santander BanCorp Declares Common Shares Dividend
29 Mayo 2008 - 5:00PM
PR Newswire (US)
SAN JUAN, Puerto Rico, May 29 /PRNewswire-FirstCall/ -- The Board
of Directors of Santander BanCorp (NYSE: SBP; LATIBEX: XSBP)
declared a cash dividend amounting to $0.10 per common share. The
dividend shall be payable on July 1, 2008 to shareholders of record
as of June 10, 2008. 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
nearly 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 fifth in the world by profit. Founded in 1857,
Santander has EUR 912,915 million in assets and EUR 1,063,892
million in managed funds, 65 million customers, 11,178 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 is the third
largest banking group in Portugal. Through Santander Consumer
Finance, it also operates a leading in 12 European countries
(Germany, Italy and Spain, among others) and the United States. In
2007, Santander registered euro 9,060 million in net attributable
profits, an increase of 19% from the previous year. In Latin
America, Santander manages over US$300 billion in business volumes
(loans, deposits, mutual funds and managed funds) through 4,498
offices. In 2007, Santander reported $3,648 million in net
attributable income in Latin America, 27% 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, Evelyn Vega, +1-787-777-4546, both
of Santander BanCorp Web site: http://www.santandernet.com/
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