PR Newswire

Santander Bank Contributes Nearly $4 Million To 135 Non-Profit Organizations

PR Newswire — October 17, 2018

BOSTON, Oct. 17, 2018 /PRNewswire/ — Santander Bank today announced that it has donated nearly $4 million to 135 non-profit organizations that support low- and moderate-income (LMI) individuals, families and communities primarily located in its Northeast footprint. This is the second of three rounds of funding in 2018. One quarter of the funding — $1 million — is allocated to 13 community development financial institutions (CDFIs) through the Bank's CDFI Initiative, a special funding opportunity targeted to CDFIs working to stabilize neighborhoods, create and preserve affordable housing, deliver services to vulnerable populations, and provide assistance to diverse entrepreneurs and small businesses.

CDFIs are private financial institutions that are 100 percent dedicated to providing responsible, affordable lending to help disinvested people and communities join the economic mainstream and develop innovative ways to deliver capital and resources to distressed communities.

"It is our mission at Santander Bank to help people and businesses prosper and to play a meaningful role in improving the quality of communities in which we live and work," said Jesse Villarreal, Executive Vice President, Interim Corporate Social Responsibility Director and Head of Government Relations and Public Policy. "By leveraging our charitable giving and volunteering with other public and private resources to drive positive change in our neighborhoods, we believe there is an opportunity to build community and family wealth and well-being."

The Santander Bank Charitable Contributions Program awards grants in the spring, fall and winter by investing in programs that improve the quality of life for the residents in the neighborhoods where the Bank's customers and colleagues live and work.

Awardees of the CDFI Initiative multi-year grants include:

Other large grants awarded during this funding cycle will support our partners' efforts to provide community services and financial education to LMI youth, adults and families:

Non-profit organizations interested in applying for a grant can access Santander's application guidelines by visiting the Santander Charitable Contributions Program or sending questions to santandercharitablecont@santander.us.

A full listing of charitable grants awarded in the second round of funding for 2018 is available at www.santanderbank.com/us/about/media-center.

Santander Bank, N.A. is one of the country's largest retail and commercial banks with $74.5 billion in assets. With its corporate offices in Boston, the Bank's approximately 9,600 employees, over 600 branches, more than 2,000 ATMs and 2.1 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) — one of the most respected banking groups in the world with more than 125 million customers in the U.S., Europe, and Latin America. It is overseen by Santander Holdings USA, Inc., Banco Santander's intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com.

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