January 18, 2010 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...
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2010
2009
DRN Provides Santander With Asset Recovery Technology
November 16, 2009 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
November 19, 2008 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
October 23, 2008 [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 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 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
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....
2022
MITSUBISHI MOTORS ANNOUNCES SANTANDER CONSUMER USA
April 13, 2022 AS NEW PREFERRED FINANCE PARTNER New partnership is announced as Mitsubishi Motors experiences record-breaking sales success, led by the all-new 2022 Mitsubishi Outlander FRANKLIN, Tenn., and DALLAS, March 10, 2022 – Mitsubishi Motors North America, Inc. (MMNA) and Santander Consumer USA Inc. (SC) today announce a new partnership to provide customer and dealer financing programs...
Santander Consumer USA Invests $35 Million to Bridge the Digital Divide in Communities Across the U.S.
January 17, 2022 Initiative launches in Dallas, where Santander Consumer and Comp-U-Dopt will improve neighborhood Internet connectivity by providing thousands of households with free high-speed Internet, laptops and digital skills training Santander Consumer USA (“SC”) today announced that it is partnering with technology and community nonprofit Comp-U-Dopt to help bridge the digital divide in several cities in the...
2021
Santander Consumer USA Holdings Inc. Announces Fourth Quarter Dividend
November 19, 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced its Board of Directors declared a quarterly cash dividend of $0.22 per share of common stock to shareholders of record as of November 29, 2021. The dividend will be payable on December 9, 2021. Cautionary Note Regarding Forward-Looking Statements This press release...
Santander Consumer USA Holdings Inc. Reports Third Quarter 2021 Results
October 27, 2021 Net Income of $763 Million and $7.8 Billion in Originations in the Third Quarter 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the third quarter ended September 30, 2021 (“Q3 2021”) of $763 Million, or $2.49 per diluted common share. The Company’s parent, Santander Holdings USA,...
Santander Consumer USA Announces Chrysler Capital will Serve as Title Sponsor for the Chrysler Minority Dealers Association
September 24, 2021 Santander Consumer USA Holdings Inc. (“SC”) today announced that Chrysler Capital will serve as the title sponsor for the Chrysler Minority Dealers Association (“CMDA”). The five-year annual sponsorship will include several initiatives aimed at outlining and supporting minority dealer trends and building a conduit for the next generation of minority dealers. The Chrysler Minority Dealers...
Marc Womack Named Head of Operations for Santander Consumer USA
September 22, 2021 Santander Consumer USA Holdings Inc. (“SC” or “Santander”) announced that Marc Womack has been named Santander Consumer Head of Operations, effective Oct. 18. Womack will report to Santander Consumer President and CEO Mahesh Aditya, and will be based out of Dallas. Marc succeeds Sandra Broderick, who will retire in early 2022. Womack will lead all...
Santander Consumer USA Holdings Inc. Agrees to Be Taken Private by Santander Holdings USA, Inc.
August 24, 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced that SC and its majority shareholder Santander Holdings USA, Inc. (“SHUSA”) have entered into a definitive agreement whereby SHUSA will acquire SC for $41.50 per share in cash, which represents a total equity value of $12.7 billion. The transaction is expected to...
Santander Consumer USA Holdings Inc. Reports Second Quarter 2021 Results
July 28, 2021 Net Income of $1.1 Billion and $10.5 Billion in Originations in the Second Quarter 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC” or the “Company”) today announced net income for the second quarter ended June 30, 2021 (“Q2 2021”) of $1.1 billion, or $3.45 per diluted common share. The Company has declared a cash...
Santander Consumer USA to Release a New Digital Experience for Automobile Dealers and Consumers
July 27, 2021 Santander Consumer USA is working with AutoFi to transform the automobile financing journey Santander Consumer USA Holdings Inc. (“SC”), today announced that it will debut an innovative digital auto finance experience that will streamline and enhance dealer interaction with SC and SC’s customers. The SC solution was developed with AutoFi Inc. (“AutoFi”), an established digital...
Santander Consumer USA Holdings Inc. Announces Second Quarter 2021 Earnings Release Date
July 26, 2021 Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) announces the release date of its second quarter 2021 financial results for Wednesday, July 28, 2021, at 9:00 a.m. Eastern Time. Conference Call Information SC will host a conference call and webcast to discuss its second quarter results and other general matters at 9:00 a.m. Eastern Time...