Santander Bank

Santander Closes on Transaction with the FDIC to Service Signature Bank's Multifamily Real Estate Assets

Retrieved on:

Wednesday, December 20, 2023

Banking, Professional Services, Insurance, Finance, Federal Deposit Insurance Corporation, Signature Bank, Banco Santander, Santander Bank, FDIC

("Santander" or "the Bank") today announced that it has closed a transaction with the Federal Deposit Insurance Corporation (FDIC) to participate in a joint venture that consists of a $9 billion portfolio of New York based multifamily real estate assets retained by the FDIC following the failure of Signature Bank.

Key Points:

("Santander" or "the Bank") today announced that it has closed a transaction with the Federal Deposit Insurance Corporation (FDIC) to participate in a joint venture that consists of a $9 billion portfolio of New York based multifamily real estate assets retained by the FDIC following the failure of Signature Bank.
"This transaction underscores our strength and scale, leveraging our considerable expertise in the sector," said Ana Botín, Banco Santander executive chair.
The Bank has a $13.5 billion multifamily real estate portfolio, is a leading multifamily bank real estate lender in the United States and holds an Outstanding Community Reinvestment Act (“CRA”) rating.
"Santander US is a top-ten multifamily bank real estate servicer and lender and this transaction will leverage that industry expertise while also deepening our franchise in the New York metro market," said Tim Wennes, Santander US country head and Santander Bank president and CEO.

Brightcove Appoints New CMO and CRO, Creates COO Position

Retrieved on:

Tuesday, December 19, 2023

Kathy Klingler has been appointed Chief Marketing Officer (CMO), and Jim Norton as Chief Revenue Officer (CRO), effective January 8, 2024.

Key Points:

Kathy Klingler has been appointed Chief Marketing Officer (CMO), and Jim Norton as Chief Revenue Officer (CRO), effective January 8, 2024.
Additionally, Brightcove’s current Chief Strategy and Corporate Development Officer, David Beck, is taking on an expanded role as Chief Operating Officer (COO).
“I am thrilled to join Brightcove to continue its unparalleled leadership in the streaming technology space,” said Klingler.
Brightcove represents the perfect intersection of all that I have been working towards, and I can't think of a better fit,” said Norton.

Toll Brothers Apartment Living and Willton Investment Management Announce Joint Venture to Develop 456-Unit Luxury Rental Community in Phoenix, Arizona

Retrieved on:

Thursday, November 9, 2023

Santander Bank, NYSE, Employment, Senior, Toll Brothers, Professional, Heart, Partnership, Growth, EV, Sculpture, Ministry of Finance, Commercial property, Hotel, Alerus

FORT WASHINGTON, Pa., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( TollBrothers.com ), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Willton Investment Management have announced a new joint venture to develop Lumara, a four-story, 456-unit multifamily rental community in Phoenix, Ariz.

Key Points:

FORT WASHINGTON, Pa., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( TollBrothers.com ), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Willton Investment Management have announced a new joint venture to develop Lumara, a four-story, 456-unit multifamily rental community in Phoenix, Ariz.
The equity and debt were arranged by Toll Brothers’ in-house Finance Department.
The community will consist of 456 rental apartments and more than 700 parking spaces, including some with EV (electric vehicle) charging stations.
We are grateful to the entire Toll Brothers team for their diligence, professionalism, and commitment to excellence throughout the development process.”
Including Lumara, Toll Brothers Apartment Living has six multifamily community developments completed or under construction in Arizona totaling over 2,150 units.

Santander Bank Introduces New Essential Checking Account

Retrieved on:

Thursday, November 16, 2023

Banking, Professional Services, Finance, Santander Bank, NYSE, Consumer, Risk, ATM, City, Banco Santander, Business, Bank, Boston

(“Santander” or “the Bank”) today announced a new consumer checking offering, Santander® Essential Checking (“Essential Checking” or “account”), to make banking easier for its customers.

Key Points:

(“Santander” or “the Bank”) today announced a new consumer checking offering, Santander® Essential Checking (“Essential Checking” or “account”), to make banking easier for its customers.
Essential Checking is certified by the Cities for Financial Empowerment Fund as meeting the Bank On National Account Standards , which indicates that the account meets over 25 features for customers who are looking to improve their finances a safe, affordable and useful banking offering to access and manage their money.
Essential Checking joins three other easy-to-use checking accounts in Santander’s suite of offerings, and customers have the ability to choose an account that fits their personal needs and financial goals.
It is overseen by Santander Holdings USA, Inc., Banco Santander’s intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com .

Birchway Tropicana Aims to Bring High Quality Living at Value Pricing to Las Vegas

Retrieved on:

Tuesday, November 14, 2023

Allegiant Stadium, Santander Bank, LG, Las Vegas Raiders, Raider, ABLA, NFL, Paradise, Friends, University, Reno 1868 FC, Golden Knights, Stanley Cup, Architecture, Hotel, Greystar Real Estate Partners, Development

"Birchway Tropicana will be the first new, non-student-centric apartment community in the Paradise submarket to deliver in late 2024," said Billy Cundiff, Managing Director, Development, Greystar.

Key Points:

"Birchway Tropicana will be the first new, non-student-centric apartment community in the Paradise submarket to deliver in late 2024," said Billy Cundiff, Managing Director, Development, Greystar.
"The community has everything residents need, including dining, retail and other modern conveniences, offering comfortable, efficient living at attainable rent levels."
Birchway Tropicana is conveniently located close to the University of Nevada, Las Vegas, the Las Vegas strip and major employers.
Birchway Tropicana is developed together with our equity partner SofMac Partners and construction lender Santander Bank, N.A.

Miami Entrepreneur Frances Rios Launches Anthology Book Showcasing Latina Business Leaders' Rise to Excellence; Reframing Perspectives presents 21 Puerto Rican authors

Retrieved on:

Wednesday, November 8, 2023

Baxter, Santander Bank, ManpowerGroup, Walmart, Hope, The Next Level, Merck, Empowerment, Silver Legacy Resort & Casino, SAN, Woman, Ascena Retail Group, Entertainment, Management, Hotel, Humana, PepsiCo

SAN JUAN, Puerto Rico, Nov. 8, 2023 /PRNewswire-PRWeb/ -- A captivated audience of over 300 leaders was treated to a mosaic of tales capturing resilience, challenges, and triumphs, all shared by 21 distinguished Puerto Rican women business trailblazers. This momentous occasion celebrated the release of the anthology, "Reframing Perspectives: Latina Leaders Who Have Taken Their Story to The Next Level."

Key Points:

This momentous occasion celebrated the release of the anthology, "Reframing Perspectives: Latina Leaders Who Have Taken Their Story to The Next Level."
This momentous occasion celebrated the release of the anthology, "Reframing Perspectives: Latina Leaders Who Have Taken Their Story to The Next Level."
Frances Rios , a Miami-based entrepreneur, international speaker, and author, is the driving force behind this anthology.
Rios passionately conveyed the uniqueness of the anthology, noting the absence of such a focus on Puerto Rican businesswomen.

Altus Power, Inc. Announces Appointment of Tina Chan Reich to Board of Directors

Retrieved on:

Wednesday, November 1, 2023

Altus Power, Inc. (NYSE: AMPS), a leading commercial-scale provider of clean electric power, announced today that Tina Chan Reich has joined its Board of Directors.

Key Points:

Altus Power, Inc. (NYSE: AMPS), a leading commercial-scale provider of clean electric power, announced today that Tina Chan Reich has joined its Board of Directors.
Ms. Reich will serve as a member of both the Audit Committee and the Nominating and Corporate Governance Committee.
View the full release here: https://www.businesswire.com/news/home/20231101847943/en/
Tina Chan Reich, Altus Power Board Member (Photo: Business Wire)
“Altus Power is already supplying hundreds of large enterprises and thousands of residential customers with the benefits of clean electric power.
Tina Reich has an incredible track record of doing exactly that and we are very pleased that she is joining Altus Power,” said Lars Norell, Co-CEO of Altus Power.

Ronald Andersen, Senior Managing Director, Commercial Private Banker, at Peapack-Gladstone Bank Named to CIANJ Board of Directors

Retrieved on:

Wednesday, October 25, 2023

Knowledge, Santander Bank, Bachelor, Montclair State University, HSBC, Capital One, Commerce, Work, Newark, Senior, Growth, Trade, PGC, Management

BEDMINSTER, NJ , Oct. 25, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce that Ronald Andersen, Senior Managing Director, Commercial Private Banker at Peapack-Gladstone Bank, has been appointed to the Board of Directors of the Commerce and Industry Association of New Jersey (CIANJ).

Key Points:

BEDMINSTER, NJ , Oct. 25, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce that Ronald Andersen, Senior Managing Director, Commercial Private Banker at Peapack-Gladstone Bank, has been appointed to the Board of Directors of the Commerce and Industry Association of New Jersey (CIANJ).
The CIANJ Board is comprised of select members, with diverse backgrounds, who have offered to share their knowledge and expertise in order to meet the goals and mission of CIANJ.
At Peapack-Gladstone Bank, Mr. Andersen is responsible for building the Bank’s wealth, lending and deposit business while servicing commercial businesses in the Northern New Jersey area.
Prior to Peapack-Gladstone Bank, Mr. Andersen served as Senior Vice President, Relationship Manager at Capital One, N.A.

Santander Bank Unifies U.S. Commercial Businesses, Names Michael Lee Head of Commercial Banking

Retrieved on:

Thursday, October 19, 2023

Banking, Professional Services, Finance, Santander Bank, Government, Commercial bank, Commercial property, Commerce, Treasury, La Salle Academy, Senior, Growth, Investment, Providence College, Bank

(“Santander” or “the Bank”) recently unified its commercial & industrial business and its commercial real estate & vehicle financing business into one Commercial Bank in the United States under the leadership of Michael Lee.

Key Points:

(“Santander” or “the Bank”) recently unified its commercial & industrial business and its commercial real estate & vehicle financing business into one Commercial Bank in the United States under the leadership of Michael Lee.
Mike joined Santander in 2009, and most recently served as Managing Director and Head of Commercial Real Estate & Vehicle Finance.
He will continue to report to Tim Wennes, Santander US CEO and Country Head, and Santander Bank President and CEO.
“Mike has spent more than 40 years in banking, which includes leadership roles with Santander and its predecessor companies.

The NRP Group, H.I.G. Capital Break Ground on Multifamily Development Outside Dallas, Texas

Retrieved on:

Thursday, October 12, 2023

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with H.I.G.

Key Points:

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with H.I.G.
Capital, has broken ground on Diamond Flats, a market-rate community in Carrollton, Texas, a vibrant suburb of Dallas.
The six-acre site is being transformed into a four-story development comprising 331 apartment homes.
View the full release here: https://www.businesswire.com/news/home/20231012773754/en/
The NRP Group, in partnership with real estate investor H.I.G Realty Partners, has broken ground on Diamond Flats, a market-rate apartment community twenty-five miles north of Dallas, Texas.