{"id":795997,"date":"2024-12-18T21:33:08","date_gmt":"2024-12-19T02:33:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/santander-bank-lowers-its-prime-rate-to-7-50\/"},"modified":"2024-12-18T21:33:08","modified_gmt":"2024-12-19T02:33:08","slug":"santander-bank-lowers-its-prime-rate-to-7-50","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/santander-bank-lowers-its-prime-rate-to-7-50\/","title":{"rendered":"Santander Bank Lowers Its Prime Rate to 7.50%"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nSantander Bank Lowers Its Prime Rate to 7.50%<\/p>\n<p>BOSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSantander Bank, N.A. announced today it has lowered its prime rate from 7.75% to 7.50% effective December 18, 2024.<\/p>\n<p><b>Santander Bank, N.A.<\/b> is one of the country\u2019s leading retail and commercial banks, with $102 billion in assets. With its corporate offices in Boston, the Bank\u2019s more than 5,100 employees and more than 1.8 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN), recognized as one of the world\u2019s most admired companies by <i>Fortune Magazine<\/i> in 2024, with approximately 171 million customers in the U.S., Europe, and Latin America. It is overseen by Santander Holdings USA, Inc., Banco Santander\u2019s intermediate holding company in the U.S. For more information on Santander Bank, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.santanderbank.com&amp;esheet=54169225&amp;newsitemid=20241218277218&amp;lan=en-US&amp;anchor=www.santanderbank.com&amp;index=1&amp;md5=6295836eef6409f9f8b1845d52978516\">www.santanderbank.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241218277218r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241218277218\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241218277218\/en\/<\/a><\/span><\/p>\n<p><b>MEDIA:<br \/>\n<\/b><br \/>Caroline Connolly<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:caroline.connolly@santander.us\">caroline.connolly@santander.us<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241218277218\/en\/1897251\/3\/San_logo_red_white_background_with_trademark.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Santander Bank Lowers Its Prime Rate to 7.50% BOSTON&#8211;(BUSINESS WIRE)&#8211; Santander Bank, N.A. announced today it has lowered its prime rate from 7.75% to 7.50% effective December 18, 2024. Santander Bank, N.A. is one of the country\u2019s leading retail and commercial banks, with $102 billion in assets. With its corporate offices in Boston, the Bank\u2019s more than 5,100 employees and more than 1.8 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN), recognized as one of the world\u2019s most admired companies by Fortune Magazine in 2024, with approximately 171 million customers in the U.S., Europe, and Latin &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/santander-bank-lowers-its-prime-rate-to-7-50\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Santander Bank Lowers Its Prime Rate to 7.50%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795997","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Santander Bank Lowers Its Prime Rate to 7.50% - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/santander-bank-lowers-its-prime-rate-to-7-50\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Santander Bank Lowers Its Prime Rate to 7.50% - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Santander Bank Lowers Its Prime Rate to 7.50% BOSTON&#8211;(BUSINESS WIRE)&#8211; Santander Bank, N.A. announced today it has lowered its prime rate from 7.75% to 7.50% effective December 18, 2024. Santander Bank, N.A. is one of the country\u2019s leading retail and commercial banks, with $102 billion in assets. With its corporate offices in Boston, the Bank\u2019s more than 5,100 employees and more than 1.8 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN), recognized as one of the world\u2019s most admired companies by Fortune Magazine in 2024, with approximately 171 million customers in the U.S., Europe, and Latin &hellip; Continue reading &quot;Santander Bank Lowers Its Prime Rate to 7.50%&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/santander-bank-lowers-its-prime-rate-to-7-50\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-19T02:33:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241218277218r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santander-bank-lowers-its-prime-rate-to-7-50\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santander-bank-lowers-its-prime-rate-to-7-50\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Santander Bank Lowers Its Prime Rate to 7.50%\",\"datePublished\":\"2024-12-19T02:33:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santander-bank-lowers-its-prime-rate-to-7-50\\\/\"},\"wordCount\":190,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santander-bank-lowers-its-prime-rate-to-7-50\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20241218277218r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santander-bank-lowers-its-prime-rate-to-7-50\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/santander-bank-lowers-its-prime-rate-to-7-50\\\/\",\"name\":\"Santander Bank Lowers Its Prime Rate to 7.50% - 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