Banco Santander Puerto Rico

Banco Santander Puerto Rico was established on October 2, 1972, initially known as Banco de Santander-Puerto Rico. Over the years, it underwent several name changes, becoming Banco de Santander-Puerto Rico, N.A. in May 1977, and later adopting the name Banco Santander Puerto Rico in March 1990. The bank expanded through acquisitions, including Caguas Federal Savings and Loan Association of Puerto Rico in August 1990, Santander National Bank in November 1994, and Banco Central Hispano - Puerto Rico in October 1996. In March 2006, the main office was relocated to 207 Ponce De Leon Avenue, San Juan, Puerto Rico. After operating for several decades, Banco Santander Puerto Rico merged with FirstBank Puerto Rico on September 1, 2020, marking the end of its independent operations in Santurce, Puerto Rico.

Below is a list of some important events in banks history, including mergers and acquisitions.

1972-10-02Institution established. Original name: Banco de Santander-Puerto Rico.

1977-05-02Changed Institution Name to Banco de Santander-Puerto Rico, N.a..

1978-03-31Institution withdraws from membership in the Federal Reserve System.

1978-03-31Changed Chartering Agency to State.

1978-03-31Changed Institution Name to Banco de Santander-Puerto Rico.

1978-04-01Acquired Banco Credito y Ahorro Ponceno in Ponce, PR.

1985-12-10Main Office moved to 207 Ponce De Leon Avenue, San Juan, PR 00919.

1985-12-10Changed Trust Powers to Limited.

1990-03-21Changed Institution Name to Banco Santander Puerto Rico.

1990-08-31Acquired Caguas Federal Savings and Loan Association of Puerto Rico in Caguas, PR.

1991-09-04Changed Trust Powers to Full.

1994-11-30Acquired Santander National Bank in Bayamon, PR.

1996-10-12Acquired Banco Central Hispano - Puerto Rico in San Juan, PR.

2006-03-31Main Office moved to 207 Ponce De Leon Avenue, San Juan, PR 00917.

2020-09-01Merged and became part of FirstBank Puerto Rico in Santurce, PR.