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2011

RoadLoans® launches car-financing application for the iPhone

Consumers can apply for a loan directly from their mobile device [DALLAS, Texas – Janurary 10, 2011] – Santander Consumer USA, a subsidiary of Banco Santander and owner of the RoadLoans brand, has released its first free iPhone application for consumers shopping for automobiles. RoadLoans is a leading Internet auto lending program that allows consumers...

2010

Santander Consumer USA Agrees to Acquire Certain Auto LoanAssets from Citigroup

[DALLAS, Texas – June 24, 2010] – Santander Consumer USA (“Santander”), an affiliate of Banco Santander, has reached an agreement with Citi to purchase $3.2 billion of CitiFinancial Auto’s auto loan portfolio. In addition, Santander and Citi have entered into an agreement under which Santander will service a portfolio of approximately $7.2 billion of auto...

Santander Profile in Time Magazine

MADRID – In Santander City the functional is exalted and the fancy eschewed. The bank runs the same way, thanks to Botín’s commitment to banking’s stodgiest virtues: conservatism, patience and the sort of loans that don’t need to be sliced and diced into nonsensical instruments like those that caused the meltdown on Wall Street. Botín...

2009

DRN Provides Santander With Asset Recovery Technology

FORT WORTH, Texas —Digital Recognition Network (DRN), a provider of asset location technology and services, announced that Santander Consumer USA (SC USA) has selected DRN to provide license plate recognition (LPR) technology and services to aid in recovering targeted vehicle assets.

2008

Magnum Selected by Santander Consumer USA Inc. for Credit Data Retrieval and Processing Services

ATLANTA, GA – November 19, 2008 – MagnumTM, a leader in credit data access, analysis and decision applications, announced that Santander Consumer USA Inc. (SC) has selected Magnum’s Service Bureau for its loan scoring and decision management platform. Santander Consumer USA, a leader in automotive finance, was looking for ways to improve its scoring, decision...

Drive Financial Services Selects VINtek for Title Management Services

[PHILADELPHIA, Oct. 23, 2008] – VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders, announced that Dallas-based Drive Financial Services, d/b/a Drive Financial, a nationwide lender with a $6.2 billion non-prime auto portfolio and relationships with approximately 12,000 dealers in all 50...

NPR – Spain’s Banco Santander Weathers Crisis

October 9, 2008 – Spain’s banks appear to be immune to the global financial crisis, and one in particular is even taking advantage of it and buying up banks in trouble. At Banco Santander in the Madrid suburb of Colmenar Viejo, a long line of customers includes senior citizens, a Moroccan immigrant applying for a...

Business Week – The Rise of Santander

October 1, 2008 -As financial institutions worldwide struggle to stay afloat, Banco Santander (STD) — now the euro zone’s largest bank by market value — is emerging as one of the few winners in the global economic crisis. With no exposure to toxic U.S. subprime assets, a diversified business spread across Europe and the Americas,...

Special Notice – Disaster Relief Response

DALLAS, TX – September 25, 2008 – Drive Financial Services (d/b/a Drive®) shares in the concern for our customers in Texas and Louisiana who have been impacted by Hurricane Ike. Currently, our service representatives are working with qualified customers on an individual basis to provide disaster relief accommodations in the form of payment deferments and...

2020

Santander Holdings USA, Inc. and Santander Consumer USA Holdings Inc. Provide Statement on DFAST Results and Capital Actions

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

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:...

Santander Consumer USA Holdings Inc. Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Shareholders

Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”, “we” or the “Company”) today announced that due to the public health concerns relating to the coronavirus (COVID-19) pandemic, and to protect the health and safety of its shareholders, employees and other stakeholders, the Company’s 2020 Annual Meeting of Shareholders (the “Annual Meeting”) will be a virtual...

Santander Consumer USA Holdings Inc. Announces Earnings Conference Call Update

Due to Our Conference Call Provider’s Network Outage, SC Has Rescheduled its Conference Call for April 29, 2020 at 8:00 a.m. Eastern Time Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) has rescheduled its earnings call due to a conference call provider network outage. Please see the call details below. Conference Call...

Santander Consumer USA Holdings Inc. Postpones Earnings Conference Call

Due to Vendor Network Outage Conference Call Will Be Delayed Santander Consumer USA Holdings Inc. (NYSE: SC) has postponed its earnings call due to a vendor outage. The conference call will be rescheduled with details to follow as soon as possible. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private...

Santander Consumer USA Holdings Inc. Reports First Quarter 2020 Results

Loss of $4 Million; Nearly $7 Billion in Originations in the First Quarter of 2020  Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the first quarter ended March 31, 2020 (“Q1 2020”) of $(4) million, or $(0.01) per diluted common share. The quarter included $442 million of...

Santander Consumer USA and Chrysler Capital respond to Coronavirus impact on customers and communities

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 support,...

Santander Consumer USA Holdings Inc. Announces Final Results of Tender Offer

Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) announced today the final results of its “modified Dutch Auction” tender offer, which expired at 12:00 midnight, Eastern Time at the end of the day on February 27, 2020. Based on the final count by Computershare Trust Company, N.A., the depositary for the tender...

Santander Consumer USA Holdings Inc. Announces Preliminary Results of Tender Offer

Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) announced today the preliminary results of its “modified Dutch Auction” tender offer, which expired at 12:00 midnight, Eastern Time at the end of the day on February 27, 2020. Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender...