BOSTON, June 21, 2016 /PRNewswire/ -- Santander Bank
today announced it has awarded more than $3.1 million in new grants to 73 organizations
located throughout the Bank's Northeastern U.S. footprint. Each
year, Santander contributes millions of dollars and thousands of
hours in volunteer time to community-based organizations making a
measurable difference for underserved individuals and
communities.
"The organizations we support reflect our values as a company
and provide opportunities that enrich the lives and economic
futures of underserved children, young adults and families," said
Jerry Plush, Chief Administrative
Officer for Santander US. "Part of becoming the best bank in the
communities we serve includes embracing the important
responsibility we have to drive change and make meaningful
contributions where we live and work."
The Bank awards grants three times a year to support initiatives
in financial education, neighborhood revitalization, small business
development, community services and affordable housing. In this
round of funding, the largest percentage of dollars awarded - more
than 38% – will support innovative financial education programs for
low- and moderate-income teens and young adults, particularly those
between the ages of 16 and 24. As part of these programs, Santander
employees volunteer to teach money management skills at local
schools and non-profit organizations. The company also launched a
password-protected, proprietary website where participants can
access additional courses and secure online tools to help them set
personal financial goals, create savings plans and track their
progress.
In 2015, the Bank awarded more than $4.5
million in charitable grants to 286 organizations throughout
the Bank's footprint and more than 1,500 employees across the Bank
volunteered close to 13,700 hours in support of local non-profit
organizations.
For grant application guidelines, please visit the Santander
Charitable Contributions Program or send questions to
santandercharitablecont@santander.us. Santander's second and third
round of grants in 2016 will be awarded in September and November,
respectively.
Santander Bank, N.A. is
one of the country's top retail and commercial 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 9,400 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 117 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
Logo -
http://photos.prnewswire.com/prnh/20130724/PH52209LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/santander-awards-over-31-million-in-new-charitable-grants-to-leading-community-organizations-300287965.html
SOURCE Santander Bank