when did santander bank start
Banco Santander was founded on 15 May 1857, with Queen Isabel II 's approval. The bank grew and in the 1920s started to build a network of branches.In 1942 it opened in Madrid.s Banco Santander owned 25% of Sovereign, it had the right to buy the bank for $40 per share for one year beginning in the middle of 2008. On June 1, 2006, Sovereign Bank purchased Independence Community Bank Corp. of Brooklyn, New York, for US$ 3.6 billion in cash.