Santander Bank, N.A.
Wilmington, Delaware, New Castle County
$104B in total assets, the 32nd largest of 4,309 US banks and 3rd of 25 headquartered in Delaware.
- FDIC certificate
- 29950
- Established
- 1907
- Owned by
- Banco Santander Sa
- Primary regulator
- OCC
- Website
- www.santander.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $104B | 2% | $255B | |
| Loans | $59.1B | 16% | $149B | |
| Deposits | $84.4B | 2% | $225B | |
| Return on assets | 1.37% | 71% | 1.20% | |
| Net interest margin | 3.30% | 68% | 3.14% | |
| Efficiency ratio | 50.2% | 23% | 54.8% | |
| Equity to assets | 13.31% | 90% | 9.69% | |
| Loans to deposits | 70% | 42% | 74% |
Growth
Total assets grew 1.8% a year over the last 5 years and 2.0% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Sep 2006 | Independence Community Bank Brooklyn, NY | $19.6B |
| Feb 2005 | Waypoint Bank Harrisburg, PA | $5.0B |
| Jul 2004 | Nantucket Bank Nantucket, MA | $571M |
| Jul 2004 | Compass Bank for Savings New Bedford, MA | $4.8B |
| Feb 2004 | First Essex Bank Lawrence, MA | $1.7B |
| Mar 2002 | Main Street Bank Reading, PA | $1.5B |
| Jun 1999 | Trenton Savings Bank FSB Lawrenceville, NJ | $1.4B |
| Jul 1998 | Carnegie Bank, National Association Langhorne, PA | $411M |
| Jul 1998 | First Home Savings Bank, F.S.B. Pennsville, NJ | $522M |
| Mar 1998 | Main Line Bank Villanova, PA | $2.4B |
| Aug 1997 | Bankers Savings Perth Amboy, NJ | $2.6B |
| Mar 1997 | Sovereign Community Bank Freehold, NJ | $233M |
| Feb 1997 | First Dewitt Bank West Caldwell, NJ | $605M |
| May 1996 | West Jersey Community Bank Fairfield, NJ | $100M |
| Oct 1994 | Charter Federal Savings Bank Randolph Township, NJ | $402M |
| Sep 1994 | Second National Federal Savings Association Salisbury, MD | $782M |
| Aug 1994 | Shadow Lawn Savings Bank, SLA Long Branch, NJ | $786M |
| Nov 1993 | Valley Federal Savings and Loan Association Easton, PA | $316M |
| Aug 1993 | Home Unity Savings and Loan Association Lafayette Hill, PA | n/a |
| Aug 1993 | Home Unity Federal Savings and Loan Association Lafayette Hill, PA | $413M |
| Jan 1993 | Harmonia Savings Bank Elizabeth, NJ | $786M |
| Sep 1992 | Jersey Shore Savings and Loan Association Toms River, NJ | $606M |
| Dec 1991 | Yardley Bank for Savings, FSB Yardley, PA | $123M |
| Sep 1991 | United Savings and Loan Association of Trenton, F.A. Trenton, NJ | $165M |
| Aug 1991 | Nassau Federal Savings and Loan Association Princeton, NJ | $157M |
| Jan 1984 | First Federal Savings and Loan Association Lancaster, PA | n/a |
| Aug 1981 | First Federal Savings and Loan Association Allentown, PA | n/a |
| Jul 1976 | New Home Savings and Loan Association Reading, PA | n/a |
Where they operate
368 branches in 54 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Norfolk County, MA | $13.3B | 26.4% | 1 of 35 |
| Suffolk County, MA | $12.7B | 3.3% | 4 of 36 |
| Berks County, PA | $5.9B | 25.9% | 2 of 19 |
| Philadelphia County, PA | $4.0B | 5.3% | 5 of 37 |
| Kings County, NY | $3.5B | 5.1% | 5 of 41 |
| Middlesex County, MA | $3.3B | 4.0% | 10 of 42 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 306 branches since 2016 (674 to 368, −45.4%). 21 opened, 0 acquired, 327 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 674 | |||
| 2016 | Opened 6 in 3 statesClosed Brooklyn and Lowell | 6 | 2 | +4 | 678 |
| 2017 | Opened BronxClosed 33 in 7 states | 2 | 33 | −31 | 647 |
| 2018 | Opened Brooklyn and FlushingClosed 22 in 4 states | 2 | 22 | −20 | 627 |
| 2019 | Opened 4 in 2 statesClosed 29 in 7 states | 4 | 29 | −25 | 602 |
| 2020 | Sold 14 branches to First Commonwealth BankOpened Brooklyn and Miami, closed 10 in 6 states | 2 | 24 | −22 | 580 |
| 2021 | Opened RoxburyClosed 98 in 7 states | 1 | 98 | −97 | 483 |
| 2022 | Opened Philadelphia and QuincyClosed 4 in 4 states | 2 | 4 | −2 | 481 |
| 2023 | Opened HempsteadClosed 71 in 6 states | 1 | 71 | −70 | 411 |
| 2024 | Closed 10 in 5 states | 0 | 10 | −10 | 401 |
| 2025 | Opened MiamiClosed 22 in 7 states | 1 | 22 | −21 | 380 |
| 2026 through Q2 | Sold 7 branches to Community Bank, National AssociationClosed 5 in Massachusetts | 0 | 12 | −12 | 368 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Consumer | 34% | 20% | |
| Multifamily | 16% | 2% | |
| Business (C&I) | 13% | 18% | |
| 1-4 family residential | 10% | 19% | |
| Construction and land | 7% | 2% | |
| Commercial real estate | 6% | 7% | |
| Other | 15% | 32% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 65% | 72% | |
| Noninterest-bearing | 22% | 16% | |
| Time deposits | 13% | 13% |
Brokered deposits are 0.1% of deposits (peers 7.4%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.84% | 0.86% |
| Net charge-offs, annualized | 0.55% | 0.35% |
| Reserves to loans | 3.17% | 1.39% |
| Leverage ratio | 12.48% | 9.39% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Delaware
Largest competitors in Norfolk County, MA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/santander