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Heidi Ueberroth Appointed to Santander Consumer USA Holdings Inc. Board of Directors
April 15, 2014 - Dallas, TX - Santander Consumer USA Holdings Inc. (NYSE: SC) ("SCUSA") today announced it has appointed Heidi Ueberroth to its Board of Directors, effective immediately. Ms. Ueberroth is the second independent director on SCUSA's board, and will serve as a member of the Audit Committee. Read Entire Article Here
Santander Consumer USA Holdings Inc. Announces Pricing of Initial Public Offering
January 23, 2014 - Dallas, TX - Santander Consumer USA Holdings Inc. (the "Company"), the parent company of Santander Consumer USA Inc., today announced the pricing of its initial public offering of 74,991,470 shares of common stock at a price of $24 per share. Read Entire Article Here
Santander Consumer USA Holdings Inc. Commences Initial Public Offering
January 9, 2014 - Dallas, TX - Santander Consumer USA Holdings Inc. today announced the commencement of its initial public offering. Certain selling stockholders intend to sell 65,217,391 shares of common stock in the offering. Read Entire Article Here
Chrysler Capital to Provide Broad Spectrum of Financial Services to Chrysler Group Customers and Dealers
February 6, 2013 - Auburn Hills, Mich - Chrysler Group LLC announced today an agreement with Santander Consumer USA Inc. to provide a full spectrum of auto financing services to Chrysler Group and FIAT customers and dealers under the name Chrysler Capital. Read Entire Article Here
Roadloans selected as preferred direct lender for AutoTrader.com
June 13, 2012 - Dallas, TX and Atlanta - AutoTrader.com, the ultimate automotive marketplace, has named RoadLoans as its preferred direct lender. Shoppers who are interested in a direct lending option will now have a seamless way to access financing through RoadLoans from the AutoTrader.com site. Read Entire Article Here
RoadLoans® adds mobile loan application for Android™ Smartphones
Consumers can apply for a loan directly from their mobile device; RoadLoans.com is now accessible on iPhone and Android™ devices
March 10, 2011 - DALLAS - Santander Consumer USA, a subsidiary of Banco Santander and owner of the RoadLoans brand, has released its second free mobile application for consumers shopping for automobiles – this time with an app for phones that run the Android operating system. The release for Android phones follows the launch of a RoadLoans app for the iPhone in January. RoadLoans is a leading Internet auto lending program that allows consumers to apply for and receive financing for new and used vehicles via the Web. The company specializes in financing consumers with less-than-perfect credit. Read Entire Article Here
RoadLoans® Launches Redesigned Web Site
Streamlined site features more tools for car buyers, including instant loan approval
February 1, 2011 - DALLAS, Texas – Santander Consumer USA, a subsidiary of Banco Santander and owner of the RoadLoans brand, has launched its next-generation Web site. Designed around the online car shopper, the site features an abundance of online tools to help consumers make an informed decision when they purchase a car. RoadLoans is a leading Internet auto lending program that allows consumers to apply for and receive financing for new and used vehicles via the Web. RoadLoans specializes in financing customers with less-than-perfect credit. Read Entire Article Here
RoadLoans® launches car-financing application for the iPhone
RoadLoans® launches car-financing application for the iPhone Consumers can apply for a loan directly from their mobile device
January 10, 2011 - DALLAS, Texas – 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 to apply for and receive financing for new and used vehicles via the Web. Read Entire Article Here
Santander Consumer USA Agrees to Acquire Certain Auto Loan Assets from Citigroup
June 24, 2010 - DALLAS – 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 loans that will be retained by Citi. Read Entire Article Here
Santander Profile in Time Magazine
MADRID, Monday, Jan. 18, 2010 - 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 loves brick-and-mortar branches because he wants to be able to look into his customers' eyes before he lends them a penny. Santander now has 13,390 branches worldwide, more than any of its competitors. Read Entire Article Here
Santander – The Best Bank you Never Heard of
July 24, 2009 - The financial crisis has culled the world's herd of big banks, leaving survivors dazed and damaged. But there is a rare exception in the long line of walking wounded: Spain's Banco Santander (STD: 9.74, -0.29, -2.89%), arguably the least-well-known behemoth to American investors.
That's likely to change in coming years. Santander's acquisition strategy — fix and grow broken banks — makes it likely the Spanish giant will boost its branch presence and profits in the U.S. Last January, it purchased troubled U.S. lender Sovereign Bancorp. The Pennsylvania-based bank, which lost $2.3 billion in 2008, is just a small part of Santander's far-flung empire, with 14,000 branches in 40 countries on three continents. Read Entire Article Here
VINTek Expands Relationship with Santander Consumer USA
PHILADELPHIA - VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders, announced an agreement to manage vehicle titles for Santander Consumer USA Inc., ("SC USA") resulting from SC USA's acquisition of the indirect auto loan portfolio of Texas-based Triad Financial. Read Entire Article Here
DRN Provides Santander Consumer 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. Read Entire Article Here
Santander Consumer Featured in SilverPop Case Study
Fast-growing auto finance company combines email, SMS and transactional messaging to optimize customer communications Santander Consumer USA Inc. (SCUSA) is a leading company in the automotive finance sector. With its Drive®, Auto Finance, and RoadLoans brands, SCUSA (www.santanderconsumerusa) provides finance programs that cover the entire non-prime spectrum. Read Entire Article Here
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. (SCUSA) 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 and analytic processes. As a lender in the non-prime automotive sector, SCUSA consistently attempts to find the balance between the prudent practices of lending, the management of accounts across the risk spectrum and an ever-changing economic environment. The new partnership with Magnum is a strategic move made by SCUSA to help manage those risks in lending, prepare them for changes in the market and equip them with the tools to react quickly.
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 states, selected VINtek as its title management provider. Read Entire Article Here
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 loan and a local high school teacher, Maria Jesus Escudero.
"We have a lot of confidence in Banco Santander and the way it manages our money," Escudero says. >> View the Entire Article
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, and an estimated $68 billion in capital reserves, the bank, based in the port of Santander on Spain's northern coast, is sailing past troubled rivals. >> View the Entire Article
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 the waiver of various fees. Eligibility and details can be obtained by contacting a service representative at 1.888.222.4227.
Special Finance Insider - Drive Financial - More Important Than Ever in Today's Economy
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. A lot has changed since then, but Drive Financial is still alive and performing well in the automotive sector, which is more than many finance companies can claim today... >> View the Entire Article
Drive Financial Services Expands Presence and Use of Services in Terremark Datacenters
MIAMI, FL, February 7, 2008 - 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. ... Read Entire Article Here
Drive Financial Embraces Services from netASPx
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... Read Entire Article Here
Moody's Assigns Ratings to Santander Drive ABS Dow Jones & Company, Inc.
April 4, 2007 - 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... Read Entire Article Here
Santander Consumer Completes Acquisition of Drive
DALLAS-Dec. 7, 2006 - Banco Santander Central Hispano SA (STD) completed the previously announced acquisition of Drive® for $636 million in cash. ... Read Entire Article Here
Drive Announces Sale of 90% of Company
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... Read Entire Article Here