|
|
Article: Banco Santander Puerto Rico Completes Sale Transaction of New York Branch.
- Article from:
- PR Newswire
- Article date:
- June 16, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SAN JUAN, Puerto Rico, June 16 /PRNewswire/ --
Santander Bancorp (NYSE: SBP; LATIBEX: XSBP), the holding company of Banco Santander Puerto Rico, announced the sale of certain assets and liabilities of its New York branch to Commercebank N.A., after receiving the regulatory approval required.
Jose Gonzalez de Castejon, Chief Financial Officer of Banco Santander Puerto Rico described this transaction as a highly positive one for this banking institution. "It is in accordance with our objectives of improving the efficiency for the year 2000", said Gonzalez de Castejon. This branch resulted from Banco Santander's acquisition of Banco Credito y Ahorro ...