/C O R R E C T I O N -- Santander BanCorp/
March 16 2005 - 10:31AM
PR Newswire (US)
/C O R R E C T I O N -- Santander BanCorp/ In the news release
Santander BanCorp Declares Common Shares Dividend for the First
Quarter, issued earlier today by Santander BanCorp over PR
Newswire, we are advised by the company that the first paragraph,
second sentence, should read "The dividend shall be payable on
April 1, 2005 to shareholders of record as of March 21, 2005,"
rather than "March 15, 2005," as originally issued inadvertently.
Complete, corrected release follows: SAN JUAN, Puerto Rico, March
16 /PRNewswire-FirstCall/ -- The Board of Directors of Santander
BanCorp (NYSE: SBP; LATIBEX: XSBP), declared a cash dividend
amounting to $0.16 per common share. The dividend shall be payable
on April 1, 2005 to shareholders of record as of March 21, 2005.
Cash dividends on common shares are eligible for direct
reinvestment under the Company's Dividend Reinvestment and Cash
Purchase Plan. For additional information on how to participate in
Santander BanCorp's Dividend Reinvestment and Cash Purchase Plan,
shareholders should contact our transfer agent and registrar,
Mellon Investor Services LLC, at (800) 851-9677. Santander BanCorp
is a publicly held financial holding company that is traded on the
New York Stock Exchange and on Latibex (Madrid Stock Exchange). It
has three wholly owned subsidiaries, Banco Santander Puerto Rico,
Santander Securities Corporation and Santander Insurance Agency.
Banco Santander Puerto Rico has been operating in Puerto Rico for
nearly three decades. It offers a full array of services through 65
branches in the areas of commercial, mortgage and consumer banking,
supported by a team of 1,600 employees. Santander Securities offers
securities brokerage services and provides portfolio management
services through its wholly owned subsidiary Santander Asset
Management Corporation. Santander Insurance Agency offers life,
health and disability coverage as a corporate agent and also
operates as a general agent. For more information, visit the
Company's website at http:/// http://www.santandernet.com/ .
Santander BanCorp is an 89% subsidiary of Banco Santander Central
Hispano, S.A (Santander). Santander (SAN.MC, STD.N) ranks among the
top 10 banks in the world and is the top bank in the Euro zone by
market capitalization. Founded in 1857, it has 60 million clients,
9,970 offices and presence in more than 40 countries. It is the
leading Financial Group in Spain and Latin America and develops an
important business activity in Europe, where it has reached an
outstanding presence in the United Kingdom through Abbey Bank. It
is also the owner of the third financial group in Portugal as well
as Santander Consumer Finance, a leading consumer financing unit
with presence in Germany, Italy and other 9 European countries.
Santander is the leading banking franchise in Latin America, where
it maintains business volumes exceeding $122 billion (loans,
deposits and on and off -- balance sheet funds under management),
has more than 4.000 offices and presence in 10 countries. In 2004,
Santander reached a net profit of $1,812 million in Latin America,
9% more than the previous year, with a net attributable of US$1,6
billion. DATASOURCE: Santander BanCorp CONTACT: Maria Calero,
+1-787-751-6640, or Evelyn Vega, +1-787-777-4546, both of Santander
BanCorp Web site: http://www.santandernet.com/
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