February 5, 2021 DALLAS – Feb. 2, 2021 – Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” and “the Company”), has partnered with Operation HOPE, Inc. to offer HOPE Inside, an award-winning financial wellness program, to all SC employees. HOPE Inside provides a series of financial workshops and one-on-one personal coaching sessions designed to educate and transform thinking...
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2020
Santander Consumer USA Foundation Awards $1.65 Million in Charitable Grants to Continue to Support COVID-19-Related Initiatives
November 2, 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”), announced today support of 29 nonprofit organizations with a total of $1.65 million in charitable grants from the Santander Consumer USA Inc. Foundation to fund programs in need of continued resources during the COVID-19 pandemic. The grants support organizations in the surrounding communities in which SC operates,...
Santander Consumer USA to add New Office Location in Greater Tampa Bay
October 15, 2020 New Florida office is targeted to open by mid-2021, bringing approximately 850 jobs to the area Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” and “the Company”), announced today that it plans to open a new location in the Suncoast Crossings area of Odessa, FL, in 2021. Located in northwest Pasco County, the facility will...
Santander Consumer USA Foundation Makes $1.3 Million in COVID-19-Related Charitable Grants
May 14, 2020 To address the impact of the COVID-19 pandemic, SantanderConsumerUSA Holdings Inc. (NYSE: SC) (“SC”), announced today that the Santander Consumer USA Inc. Foundation has made charitable grants totaling $1.3 million to 18 nonprofit organizations in the communities in which SC operates. The Foundation was funded by a $3 million donation from SC. The grants are...
Santander Consumer USA and Chrysler Capital respond to Coronavirus impact on customers and communities
March 23, 2020 Santander Consumer USA (“SC”) and Chrysler Capital today announced several initiatives to support customers and colleagues as the spread of Coronavirus (COVID-19) affects our communities. What we are doing for our customers: We are taking proactive steps to assist affected customers who are suffering financial hardship. – Our Customer Assistance Team is providing additional customer...
2019
Santander’s Sandra Broderick Honored as one of the ‘2019 Women in Auto Finance’
November 21, 2019 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or “the Company”), today announced that Sandra Broderick, U.S. Head of Operations and Head of Operations for Santander Consumer USA, has been named one of the “2019 Women in Auto Finance” by Auto Fin Journal, an industry trade magazine for automotive and auto fintech executives. The list...
2018
Santander Consumer Issues Statement on Chrysler Capital
June 1, 2018 Santander Consumer USA and Fiat Chrysler US exploring options for Chrysler Capital Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or “the Company”) is in exploratory discussions with FCA US LLC (“FCA”) regarding plans for FCA’s US operations. Specifically, FCA expressed its desire to establish a captive US auto finance unit in the future, and...
Santander Consumer USA And AutoGravity Work To Transform The Car-Buying And Financing Journey
May 8, 2018 Santander Consumer USA’s finance offers are now available on the AutoGravity mobile application Santander Consumer USA Holdings Inc. (NYSE: SC) today announced it has reached an agreement with automotive technology leader AutoGravity to streamline and simplify the car-buying process for consumers. Through this agreement, Santander Consumer USA’s indirect finance offers will be available to AutoGravity...
Santander Consumer USA And AutoFi Team Up To Provide Car Buyers And Dealers With Fast And Easy Online Sales And Financing
January 31, 2018 Santander Consumer USA Holdings Inc. (NYSE: SC, or the Company) today announced that it will work with automotive technology leader AutoFi to streamline and simplify the car-buying process for consumers, while giving dealers a robust digital sales channel. AutoFi connects dealers, consumers and lenders to provide a more convenient, efficient and transparent experience when researching...
2017
Santander Consumer USA Holdings Inc. Announces Key Appointments To Leadership Team
October 2, 2017 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) today announced several key changes to SC’s leadership team under new CEO Scott Powell. SC announced that Juan Carlos Alvarez, Corporate Treasurer of Santander Holdings USA, Inc. (SHUSA), is succeeding Ismail (Izzy) Dawood as Chief Financial Officer of Santander Consumer, effective immediately. Dawood, who has been with...
Santander Consumer USA Names Bruce Jackson as Head of Santander Auto Finance
February 9, 2021 Industry veteran will lead core auto finance channel, alongside Shawn Allgood, who will continue to lead Chrysler Capital Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”), has named Bruce Jackson as Head of Santander Auto Finance, effective April 28, 2021. Mr. Jackson will join the SC leadership team and report directly to Mahesh Aditya, President...
Santander Holdings USA, Inc. and Santander Consumer USA Inc. Confirm Termination of Written Agreement with Federal Reserve Bank of Boston
February 4, 2021 Santander Holdings USA, Inc. (“SHUSA”) and Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”), today confirmed that the Board of Governors of the Federal Reserve System has authorized the Federal Reserve Bank of Boston to terminate its Written Agreement dated March 21, 2017, with SHUSA and SC’s wholly-owned subsidiary, Santander Consumer USA Inc. Since 2015,...
Santander Consumer USA Holdings Inc. Reports Fourth Quarter and Full Year 2020 Results
February 3, 2021 Net Income of $911 million and Nearly $31 billion in Originations in 2020 Provided Loan Deferrals to ~700,000 Unique Customer Accounts in 2020 Due to COVID-19 Returned Nearly $1 billion in Capital to Shareholders in 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the fourth quarter...
Santander Consumer USA Holdings Inc. Announces Fourth-Quarter and Full-Year 2020 Earnings Release Date
January 20, 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) announces the release date of its fourth quarter and full year 2020 financial results for Wednesday, February 3, 2021, at 9:00 a.m. Eastern Time. Conference Call Information SC will host a conference call and webcast to discuss its fourth quarter and full year results and other general...
2020
Santander Consumer USA Names RL Prasad as Chief Risk Officer and Joshua Baer as Head of Pricing and Strategy
December 2, 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” and “the Company”), has named Ramamurthy Lakshmana “RL” Prasad as Chief Risk Officer, succeeding Joshua Baer, who will serve as Head of Pricing and Strategy. The appointments are effective Jan. 1, 2021. Both Mr. Prasad and Mr. Baer will continue to serve on the SC leadership team...
Santander Consumer USA Holdings Inc. Reports Third Quarter 2020 Results
October 28, 2020 Net Income of $490 Million; More Than $8 Billion in Originations in the Third Quarter of 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the third quarter ended September 30, 2020 (“Q3 2020”) of $490 million, or $1.58 per diluted common share. The quarter included $46...
Santander Holdings USA, Inc. and Santander Consumer USA Holdings Inc. Provide Statement on Capital Actions
July 31, 2020 Santander Holdings USA, Inc. (“SHUSA” or the “Company”) and its publicly held subsidiary, Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) announced that SHUSA’s request for certain exceptions to the Federal Reserve Board’s (“FRB”) interim policy (the “Policy”) related to the Dodd-Frank Act Stress Test and Comprehensive Capital Analysis and Review (“CCAR”) has been approved....
Santander Consumer USA Holdings Inc. Reports Second Quarter 2020 Results
July 29, 2020 Loss of $97 Million; Approximately $8 Billion in Originations in the second quarter of 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the second quarter ended June 30, 2020 (“Q2 2020”) of $(97) million, or $(0.30) per diluted common share. The quarter included $400 million of...
Santander Holdings USA, Inc. and Santander Consumer USA Holdings Inc. Provide Statement on DFAST Results and Capital Actions
July 9, 2020 Today, Santander Holdings USA, Inc. (“SHUSA” or the “Company”) and its publicly held subsidiary, Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) commented on the results of the Federal Reserve’s 2020 Dodd-Frank Act Stress Test (“DFAST”) results and related Comprehensive Capital Analysis and Review (“CCAR”). Based on SHUSA’s 2020 DFAST results, the Company’s minimum capital...
Santander Consumer USA Provides Statement on Settlement with Attorneys General
May 19, 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”), today issued the following statement regarding its voluntary settlement with 33 states and the District of Columbia, which alleged that auto loans that SC funded through certain automobile dealers dating back to 2010 violated consumer protection laws because of the high risk that certain borrowers would default:...