Logos Quiz Level 6-4 Answers
Santander Bank was founded by Banco Santander in 1857. The company is based in Massachusetts and operates over 700 retail banking offices. Santander mainly operates in Northeastern United States and the company has over 9,000 employees. The company is a subsidiary of the Spanish Santander Group, which is a Spanish banking group. The company is one of largest banks and continues to expand all over the world with many acquisitions. In 2006, Santander started buying Sovereign Bank. By 2008, Santander bought all of Sovereign Bank for billions of US dollars.
They changed the headquarters of Sovereign Bank from Pennsylvania to Massachusettes. Santander changed the name from Sovereign Bank to Santander officially in 2011.By 2013 Sovereign Bank had been rebranded.
The company has over $77 billion in assets. Santander offers many different financial services including corporate and retail banking, credit cards, capital markets, mortgages, trust and wealth management, insurance, and a few others. The operating income of Santander in 2013 was around $1.5 billion US dollars.