Santander BanCorp Declares Common Shares Dividend
06 June 2006 - 7:30AM
PR Newswire (US)
SAN JUAN, Puerto Rico, June 5 /PRNewswire-FirstCall/ -- The Board
of Directors of Santander BanCorp (NYSE: SBP; LATIBEX: XSBP),
declared a cash dividend amounting to $0.16 per common share. The
dividend shall be payable on July 3, 2006 to shareholders of record
as of June 9, 2006. 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 Central Hispano, S.A (Santander). The Company has
four wholly owned subsidiaries, Banco Santander Puerto Rico,
Santander Securities Corporation, Santander Financial Services and
Santander Insurance Agency. Banco Santander Puerto Rico has been
operating in Puerto Rico for nearly three decades. It offers a full
array of services through 63 branches in the areas of commercial,
mortgage and consumer banking, supported by a team of over 1,400
employees. Santander Securities offers securities brokerage
services and provides portfolio management services through its
wholly owned subsidiary Santander Asset Management Corporation.
Santander Financial Services offers consumer finance products
through its network of 70 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 one of
the largest worldwide. Founded in 1857, Santander has US$986,476
million in assets and US$1,180 billion in managed funds, 66 million
customers, 10,300 offices and a presence in 40 countries. It is the
largest financial group in Spain and Latin America, and is a major
player elsewhere in Europe, including the United Kingdom through
its Abbey subsidiary and Portugal, where it is the third largest
banking group. Through Santander Consumer it also operates a
leading consumer finance franchise in Germany, Italy, Spain and
nine other European countries. In the first quarter of 2006,
Santander recorded US$1,794 million in net attributable profits,
26% more than in the same period of the previous year. In Latin
America, Santander manages over US$200 billion in banking business
volumes (loans, deposits, mutual funds, and pension funds) through
4,170 offices. In the first quarter of 2006, Santander recorded in
Latin America US$743 million in net attributable income, 35% higher
that in 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, or Evelyn Vega, +1-787-777-4546 Web
site: http://www.santandernet.com/
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