October 1, 2008 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,...
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2008
Special Notice – Disaster Relief Response
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...
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...
2021
Santander Consumer USA Holdings Inc. Announces Second Quarter Dividend
April 30, 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”), today announced that the Board of Directors declared a quarterly cash dividend of $0.22 per share of common stock to shareholders of record as of May 10, 2021. The dividend will be payable on May 20, 2021. Forward-Looking Statements This press release contains forward-looking statements...
Santander Consumer USA Holdings Inc. Reports First Quarter 2021 Results
April 28, 2021 Net Income of $742 Million and $8.6 Billion in Originations in the First Quarter 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the first quarter ended March 31, 2021 (“Q1 2021”) of $742 million, or $2.42 per diluted common share. On April 27, 2021, Santander Holdings...
Santander Consumer USA Holdings Inc. Announces First Quarter 2021 Earnings Release Date
April 5, 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) announces the release date of its first quarter 2021 financial results for Wednesday, April 28, 2021, at 9:00 a.m. Eastern Time. Conference Call Information SC will host a conference call and webcast to discuss its first quarter results and other general matters at 9:00 a.m. Eastern Time...
Santander Consumer USA Holdings Inc. Announces First Quarter and Special Dividend
March 19, 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”), today announced that the Board of Directors has declared a quarterly cash dividend of $0.22 per share and a special dividend of $0.22 per share of common stock for a total of $0.44 per share, payable to shareholders of record as of March 29,...
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...