| Business Summary | | Santander
BanCorp
is
the
bank
holding
company
for
Banco
Santander
Puerto
Rico
(Banco
Santander).
The
Corporation's
main
subsidiary,
Banco
Santander,
is
a
commercial
bank
that
provides
a
wide
range
of
financial
products
and
services
to
a
diverse
customer
base
that
includes
small
and
medium-size
businesses,
large
corporations
and
individuals.
The
Bank
also
provides
mortgage-banking
services
through
its
wholly
owned
subsidiary,
Santander
Mortgage
Corporation,
which
has
seven
offices
in
Puerto
Rico.
The
Corporation's
other
subsidiary,
Santander
Insurance
Agency,
was
organized
as
Santander
BanCorp
and
became
the
first
financial
holding
company
in
Puerto
Rico
to
have
a
subsidiary
licensed
as
an
insurance
agency
by
the
Insurance
Commissioner
of
Puerto
Rico.
Santander
BanCorp
organizes
its
operations
in
three
principal
lines
of
business:
commercial
banking,
consumer
banking
and
mortgage
banking. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SBP
is
a
a
bank
holding
company
for
Banco
Santander
Puerto
Rico,
which
operates
75
branches.
For
the
six
months
ended
6/01,
total
interest
income
fell
11%
to
$270.6
million.
Net
interest
income
after
loan
loss
prov.
fell
14%
to
$93.2
million.
Net
income
applicable
to
Common
fell
35%
to
$24
million.
Net
interest
income
reflects
a
lower
investment
portfolio
and
a
higher
loan
loss
provision.
Net
income
reflects
the
inclusion
of
a
$8.2
million
transition
adjustment
loss. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Benito Cantalapiedra | Chairman | Juan Arenado | Pres,
CEO | Jose Gonzalez de Castejon | Vice
Chairman, Exec. VP, CFO, Chief Operating Offic | Maria Calero | Exec.
VP of Investor Relations | Jose Camba | Exec.
VP of Operations |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|