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Santander BanCorp Declares Common Shares Dividend for the Second
Quarter
SAN JUAN, Puerto Rico, Aug. 24 /PRNewswire-FirstCall/ -- The Board of
Directors of Santander BanCorp (NYSE: SBP; LATIBEX: XSBP), declared a cash
dividend amounting to $0.11 per common share. The dividend shall be payable on
October 1, 2004 to shareholders of record as of September 10, 2004.
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 27 years. It offers a full array of
services through 67 branches in the areas of commercial, mortgage and consumer
banking, supported by a team of over 1,400 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://www.santandernet.com/.
Grupo Santander (SAN.MC, STD.N) is the largest financial group in Spain and
Latin America, and the second largest bank in the Euro Zone by market
capitalization. Founded in 1857, it has forged important business initiatives,
including a 15-year old alliance with The Royal Bank of Scotland, ownership of
the third largest banking group in Portugal and a leading consumer finance
franchise in Germany, Italy and seven other European countries.
Grupo Santander maintains a leading position in Latin America, with 4,052
offices in ten countries, serving more than 12 million individual clients and
approximately half a million small and medium sized companies, managing over
euro $100 billion in business (on & off-balance sheet). In 2003, Santander
recorded $1.49 billion in net attributable income in Latin America.
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/