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824 North Market Street, Suite 100
Wilmington, DE 19801

Santander Bank, N.A is headquartered in Wilmington and is the 6th largest bank in the state of Delaware. It is also the 30th largest bank in the nation. It was established in 1907 and as of March of 2014, it had grown to 8,756 employees at 702 locations. Santander Bank, N.A has a A health rating.

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Easy Annual $240 Bonus with Santander Bank Checking - 1/14/2014

Santander Bank is offering a good checking account deal. Santander Bank used to be Sovereign Bank. The name was changed last year. The checking account is called extra20 checking. Full details are lis ...

IRA CDs Transfer Fee

Read the fine print before you take out an IRA CD. They will charge your account $ 25.00 for a trustee to trustee transfer. I know of no other bank that charges for this service. Bank elsewhere!


Sovereign Bank is the worst financial institution I have ever had the misfortune to do business with. Steer very clear.  I have 2 accounts.  A personal, and a Joint account. They have both of my debit cards setup to come from one account, and thus cause me to over draw. I have called to correct this many times, they claim its fixed but it never gets fixed. Even though they acknowledge their mistake they refuse to remove the insufficient fund fees. They are a disgrace to banking and as soon as I can pay off all of my over drafts I will close all accounts with them and switch to credit unions.  Nothing can be worse than this experience has been. Their customer service is non-existent.

Convenient Locations

I've been with this bank for the past seven (7) years, with a few different accounts. I have never run into any problems with them, even through the inevitable changes that all banks tend to make to their policies. If anything they were a little too proactive in letting its members know of changes that were occurring and explaining what to expect. Their customer service has always been friendly and helpful. I always enjoy my experience when I do have to venture inside of the actual bank. In my area there are a good amount of branch buildings as well as ATMs in every CVS, which is a plus if I need cash quick. I would definitely recommend this bank to anyone.

A Bunch Of Thieves. Do Not Bank With Them

The bank uses the practice of clearing first the larger amount checks and then the smaller amount checks. For example, if you have $500.00 available in the account and you have 3 checks coming in, one check in the amount of $480.00 and the other two checks in the amount of 450.00, They will clear first the larger check and then the account availability will be only $20.00, which means you will be charged unavailable fee for two checks. If they would of first clear the two smaller amount checks and then the larger amount cheek, they would have charge unavailable fee only once for. They are the only bank who uses this practice in order to generate more income from the poor people who live from payroll to payroll Its unfair and it’s about time to stop.




Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Santander Bank, N.A had $1.06 billion in non-current loans and owned real-estate with $13.73 billion in equity and loan loss allowances on hand to cover it. This gives Santander Bank, N.A a Texas Ratio of 7.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Santander Bank, N.A experienced no significant changes from 8.44% as of March 31, 2013 to 7.73% as of March 31, 2014, resulting in a positive change of 8.37%.This indicates that the balance sheet and financial strength for Santander Bank, N.A has had no significant changes in recent periods.

Deposit Growth


In the past year, Santander Bank, N.A has increased its total deposits by $1.17 billion, resulting in 2.3% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Santander Bank, N.A has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Santander Bank, N.A has $74.82 billion in assets with $13.73 billion in equity, resulting in a capitalization level of 18.36%, which is excellent.

Institution Statistics

FDIC Certificate #29950
Year Established1907
Primary RegulatorOCC
Assets and Liabilities
Assets$74.82 billion
Loans$50.53 billion
Deposits$52.07 billion
Equity Capital$12.91 billion
Loan Loss Allowance$825.33 million
Unbacked Noncurrent Loans$969.77 million
Real Estate Owned$92.13 million
Historic Data - March 2013
Assets$79.86 billion
Equity Capital$12.94 billion
Loan Loss Allowance$971.09 million
Unbacked Noncurrent Loans$969.77 million
Real Estate Owned$68.78 million
Profit Margin - Quarterly
Return on Assets0.42%
Return on Equity2.45%
Interest Income$541.35 million

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Santander Bank, N.A has 717 locations. Click to view all Santander Bank, N.A locations.