September 25, 2008 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...
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2008
Special Finance Insider – Drive Financial – More Important Than Ever in Today’s Economy
August 1, 2008 DALLAS, TX – August, 2008 -Tom Dundon, CEO of Drive Financial was quoted in December 2006 as having said, “We believe we are poised to become one of the leading companies in our industry.” It was a bold statement at a time when subprime finance companies in the automotive space were a dime a dozen....
Drive Financial Services Expands Presence and Use of Services in Terremark Datacenters
February 7, 2008 [ Terremark Worldwide Inc. · 2008-02-07 ] – Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading provider of managed IT infrastructure services, today announced that Drive Financial Services Inc. (formerly Drive Financial Services® LP) has selected Terremark to provide high availability disaster recovery services to the existing managed infrastructure environment that manages their business continuity plans. Santander’s...
2007
Drive Financial Embraces Managed Applications Services Delivered from netASPx
April 12, 2007 HERNDON, VA, April 12, 2007 – netASPx, the leading Managed Applications Services provider delivering “Software as a Service” (SaaS) to the Financial Services community is delighted to announce that Drive Financial Services Inc. (a.k.a. Drive Financial Services® and Drive®) has selected netASPx as they continue to embrace the outsourcing model for all of their applications....
Moody’s Assigns Definitive Ratings To Santander Drive Auto Receivables Trust 2007-1 Asset Backed Notes
April 4, 2007 [Dow Jones & Company, Inc. · 2007-04-04] – The following is a press release from Moody’s Investors Service: Moody’s Assigns Definitive Ratings To Santander Drive Auto Receivables Trust 2007-1 Asset Backed Notes $1.2 Billion of Asset-Backed Securities Rated. New York, April 04, 2007 — Moody’s Investors Service has assigned ratings to the notes issued by...
2006
Santander Consumer Completes $636 Million Acquisition of Drive
December 7, 2006 DALLAS-Dec. 7, 2006 – Banco Santander Central Hispano SA (STD) completed the previously announced acquisition of Drive® for $636 million in cash. Drive’s business plan and executive management team will remain largely unchanged. Thomas Dundon, President and COO, who retains 10 percent ownership, adds the role of Chief Executive Officer. Drive will continue to originate...
Drive Announces Sale of 90% of Company
September 25, 2006 DALLAS-Sept. 25, 2006 – The Board of Managers of Drive Financial Services®, LP has announced that Banco Santander Central Hispano, S.A. (“Santander”) has entered into a definitive agreement with HBOS plc (“HBOS”) and selected members of Drive management to acquire a 90% ownership stake in the Company. “The sale represents a logical move for HBOS...
2020
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:...
Santander Consumer USA Holdings Inc. Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Shareholders
May 18, 2020 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
April 28, 2020 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
April 28, 2020 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
April 28, 2020 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 Holdings Inc. Announces 2020 Quarterly Earnings Release Date Modifications
April 6, 2020 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) has made modifications to its previously scheduled 2020 Earnings Release Dates. Please note that there has been a change to the Q1 and Q2 reporting dates. The results webcast will be held on the following dates and times: Q1...