Santander Holdings USA to redeem Series I preferred depositary shares

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Go back to Santander Holdings USA to redeem Series I preferred depositary shares

Santander Holdings USA, Inc. Announces Redemption of All Outstanding Depositary Shares Representing Interests in Its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I

September 15, 2026 8:00 AM EDT

BOSTON--(BUSINESS WIRE)-- Santander Holdings USA, Inc. (SHUSA) today announced that, on October 15, 2026, it will redeem all of the 135,000 outstanding shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (Series I Preferred Stock), and the corresponding 5,400,000 depositary shares, NYSE: SNUS PF I, CUSIP 80282 K809 (Depositary Shares), each representing a 1/40th interest in a share of the Series I Preferred Stock. The Depositary Shares will be redeemed at a redemption price of $25.00 per Depositary Share.

The redemption price does not include the regular quarterly dividend that was declared and will be... More