Banco Santander Puerto Rico to be Sold to FirstBank Puerto Rico

Santander agreed to sell its retail and commercial banking franchise in Puerto Rico, Banco Santander Puerto Rico, to FirstBank Puerto Rico for a total consideration of approximately $1.1 billion.

Santander Appoints Dunphy Head of Mid Corporate Banking

Santander Bank appointed Patrick Dunphy as head of its Mid Corporate Banking and Verticals businesses within the Commercial Bank.

First Commonwealth Acquires 14 Santander Bank Branches

First Commonwealth Bank completed the purchase of 14 central Pennsylvania retail banking locations from Santander Bank. This transaction expands First Commonwealth’s presence into the markets of State College, Lock Haven, Williamsport and Lewisburg.

Santander Promotes Cerminaro to Commercial Banking Director, New England

Santander Bank promoted Robert Cerminaro was promoted to commercial banking market director for New England. He will report to David Harnisch, head of Commercial Banking.

Scotiabank Leads Phoenix Tower $485MM Term Loan

Phoenix Tower International, a wireless communications infrastructure provider, closed a $485 million senior secured term loan facility to continue its international expansion.

Citibank, JPMorgan, Others Provide New $1B Facility to THG

The Hut Group secured a new $1 billion banking facility to fund further acquisitions. Citibank, JPMorgan, Barclays, HSBC and Santander provided the enlarged facility.

JPMorgan Agents $2.5B Revolver for AVANGRID

AVANGRID, a sustainable energy company, closed a $2.5 billion sustainability-linked credit facility with JPMorgan as administrative agent and BBVA as sustainability agent.

Santander Provides $38.5MM Financing to Cold Carriers

Santander Bank closed a $38.5 million senior secured equipment and revolving line of credit with Cold Carriers, a refrigerated transportation company.

Santander Names Harnisch Portfolio, Underwriting & Strategy Head

Santander Bank appointed David Harnisch head of portfolio management, underwriting and strategy in its commercial banking division. Harnisch joins from Citizens Financial where he held a similar position.

Santander Names Powell President and CEO of Consumer USA Holdings

Santander Consumer USA Holdings named Scott Powell to succeed Jason Kulas as president and CEO, effective immediately.