BOSTON, Feb. 4, 2016 /PRNewswire/ -- Santander Bank today announced it has awarded
more than $2.3 million in new grants
to 108 organizations located throughout the Bank's Northeastern
U.S. footprint. This new commitment brings Santander's 2015
year-end total to more than $4.5
million in charitable grants awarded to 286 organizations to
support financial education, neighborhood revitalization, community
services and affordable housing initiatives in the communities
where our customers and team members live and work.
The Bank's larger grant recipients include:
- City Year – to support financial education programs in
Boston and Philadelphia.
- Junior Achievement - to support financial education
programs across the Bank's footprint.
- American Red Cross – to fund disaster preparedness
efforts across the Bank's footprint.
"Santander's grant program is part of a fundamental commitment
to our communities to help build strong neighborhoods and support
people with effective community-based programs," said Gwen Robinson, managing director, Corporate
Social Responsibility for Santander
Bank. "These important organizations provide valuable
training and support for participants – from offering financial
coaching and emergency services in critical times of need to
helping people access homeownership – all with the goal of building
brighter futures and improving long-term economic outcomes for
young adults."
The Bank's latest grant cycle is focused on promoting innovative
financial education programs. Of the $2.3 million awarded, Santander committed more
than $950,000 to promoting best
practices in financial education for low- and moderate-income
adults, particularly those between the ages of 16 and 24. The
Bank prioritized grant recipients based on their ability to partner
with the Bank's employees and demonstrate a strategy for improving
financial outcomes through the use of technology, program design or
program delivery.
In 2015, Santander employees continued to embrace the Bank's
commitment to its communities through volunteerism. Across the
Bank, more than 1,400 team members volunteered close to 13,700
hours last year in support of organizations throughout the Bank's
footprint.
The Santander Bank Charitable Contributions Program serves as
Santander Bank's philanthropic arm,
investing in programs that make a measurable difference for
underserved individuals and communities in the Northeast.
Santander Bank, N.A. is
one of the country's top retail banks by deposits and a wholly
owned subsidiary of Banco Santander, S.A. - one of the most
respected banking groups in the world. With its corporate
offices in Boston, Santander Bank's more than 670 branches and
nearly 2,100 ATMs are principally located in Massachusetts, New
Hampshire, Connecticut,
Rhode Island, New York, New
Jersey, Pennsylvania and
Delaware. The Bank's 9,800
employees are committed to helping our 2.1 million customers make
progress toward their financial goals with the support of our call
centers, interactive online banking platform and easy-to-use mobile
app. Madrid-based Banco Santander
(NYSE: SAN) serves more than 100 million customers in the U.K.,
Europe, Latin America and the U.S. Through its
local affiliates, including Santander
Bank, Banco Santander is the largest corporate contributor
to higher education in the world, investing over $165 million annually in colleges and
universities across more than 20 countries, including the
U.S. For more information on Santander Bank, please visit
www.santanderbank.com.
Media
Contacts:
Ann
Davis
617-757-5891
ann.davis@santander.us
Nancy Orlando
617-757-5765
nancy.orlando@santander.us
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/santander-provides-23-million-in-new-grants-to-support-leading-community-organizations-300215526.html
SOURCE Santander Bank, N.A.