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Thread: Santander Bank

  1. #1
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    Default Santander Bank

    I don't yet know if it is all areas but Santander Bank is laying off people in Reading. It started this morning with absolutely no warning, or even rumors.

    "Here is your box - get the .... out." That sux.

  2. #2
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    Default Re: Santander Bank

    The company hasn't been looking good for a few years. They were Sovereign Bank...then bought out by the Swedes (Santander).

    They sold off a ton of mortgages a couple years ago, not sure if that's a sign of sucesss/failure or just regular business practice but it's a pain in the butt for customers having to change without any say in it.

    They had naming rights to Santander Bank Stadium in York (Revolution baseball), just lost it to Peoples Bank this year.
    http://www.ydr.com/story/sports/base...park/77486146/
    Galations 6:9...And let us not grow weary of doing good, for in due season we will reap, if we do not give up.
    Ashli Babbitt - Patriot

  3. #3
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    Default Re: Santander Bank

    It wasn't too long ago when a few co workers were going on about the incentives that Santander was offering people to open up accounts with them.

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    Default Re: Santander Bank

    Quote Originally Posted by alpacaheat View Post
    The company hasn't been looking good for a few years. They were Sovereign Bank...then bought out by the Swedes (Santander).
    They originated is Spain not Sweden. They have a large global footprint worldwide and are larger in the New England area than around here. I would think the layoffs are going to be everywhere but don't know that yet. I just got the word at 11am today.

  5. #5
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    Default Re: Santander Bank

    Quote Originally Posted by stainless View Post
    They originated is Spain not Sweden. They have a large global footprint worldwide and are larger in the New England area than around here. I would think the layoffs are going to be everywhere but don't know that yet. I just got the word at 11am today.

    I can't keep up with all of these foreigners.
    Galations 6:9...And let us not grow weary of doing good, for in due season we will reap, if we do not give up.
    Ashli Babbitt - Patriot

  6. #6
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    Default Re: Santander Bank

    If you guys are not into branch banks.. check out Simple bank. I use them for some stuff.. very cool.

  7. #7
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    Default Re: Santander Bank

    Can't stand Santander; if I didn't have a loan with them (originally issued by Sovereign), I would've dropped them like a hot rock a few years ago.
    "Political Correctness is just tyranny with manners"
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    "[The Constitution preserves] the advantage of being armed which Americans possess over the people of almost every other nation...(where) the governments are afraid to trust the people with arms."
    -James Madison, Federalist Papers, No. 46.

    "America does not go abroad in search of monsters to destroy." [sic]
    -John Quincy Adams

    "I believe that banking institutions are more dangerous to our liberties than standing armies."
    -Thomas Jefferson

    Μολών λαβέ!
    -King Leonidas

  8. #8
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    Default Re: Santander Bank

    They deal a lot with challenged credit customers especially in the auto loan industry. They have a company called road loans that it is basically a loan shark company.

    I work with them daily and they are great to get people that wouldn't otherwise be approved, but they APR is higher then most.
    E FLUCTIBUS IRRUIT IN HOSTEM. AECIDAE TELO IACET LIBATIS.

  9. #9
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    Default Re: Santander Bank

    Quote Originally Posted by comsubin61 View Post
    They deal a lot with challenged credit customers especially in the auto loan industry. They have a company called road loans that it is basically a loan shark company.

    I work with them daily and they are great to get people that wouldn't otherwise be approved, but they APR is higher then most.
    I was under the impression they sold off the auto loan end of business a few years back. Did they bring it back in house?

  10. #10
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    Default Re: Santander Bank

    Wow, that's a bummer.
    Gunowner99 - NRA Benefactor Life Member

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