Sovereign Bank Offering New Small Business Customers Chance to Win up to $50,000 to Help Their Business Grow

BOSTON, Nov. 15, 2011 /PRNewswire/ -- Sovereign Bank, a wholly-owned subsidiary of Banco Santander, S.A., announced the new limited time only Sovereign Bank Boost Your Business Sweepstakes.  The grand prize winner of the sweepstakes will win $50,000 to invest in its small business.  The sweepstakes also offers the chance to win a second place prize of $25,000 and third place prize of $10,000.

"The Sovereign Bank Boost Your Business Sweepstakes is an exciting way for new small business customers to get a chance to win funding to grow their businesses," said Jack Murphy, head of Small and Medium-sized Enterprise Banking at Sovereign.  "Combined with Sovereign's everyday great rates on small business lending, the sweepstakes further demonstrates Sovereign's dedication to helping small businesses grow."

From October 22, 2011 through December 31, 2011, new small business customers who open a Sovereign Business Checking or Sovereign Business Checking Plus account will automatically receive one entry into the sweepstakes.

New small business customers can receive an additional automatic entry in the sweepstakes, up to a maximum of six entries, for each of the following:

  • Opening a Sovereign Business Money Market Savings account
  • Obtaining a Sovereign Business Debit MasterCard®
  • Enrolling in Sovereign Business Online Banking and accepting terms and conditions
  • Setting up an approved Sovereign Merchant Services relationship
  • Setting up an approved Sovereign Payroll Services relationship

"Through growth and expansion, small businesses create jobs and are the driving force behind our local and national economies," Murphy added.  "We look forward to awarding the prizes to the three lucky winners and helping them on their way to further success."

The sweepstakes is open to for-profit businesses that are authorized to do business in, and that have demonstrable business activities in, at least one of the following states: Connecticut, Delaware, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island.  New and existing Sovereign small business customers and the general public are eligible to enter.  Existing customers who open an additional checking account do not automatically qualify for the sweepstakes.  No purchase is required to participate in any sweepstakes Sovereign Bank sponsors.

The complete list of sweepstakes prizes details and Official Rules are available at http://www.sovereignbank.com/business/promotions/boost-your-business.asp?scmp=11Oct&prd=boost&pos=minibb-B.

About Santander Holdings USA, Sovereign Bank and Banco Santander

Santander Holdings USA, Inc. (SOV:US) is a wholly owned subsidiary of Banco Santander, S.A., and parent company of Sovereign Bank and Santander Consumer USA.  Banco Santander is a retail and commercial bank, headquartered in Spain, with a presence in 10 main markets: Spain, Portugal, Germany, the UK, Poland, Brazil, Mexico, Chile, Argentina and the U.S.  Founded in 1857, Santander has 100 million customers, approximately 14,700 branches – more than any other international bank – and more than 191,000 employees.  For more information on Santander, visit http://www.santander.com.

Sovereign Bank is a financial institution with principal markets in the northeastern United States. Sovereign has more than 700 branches, nearly 2,300 ATMs, and approximately 8,500 team members.  For more information on Sovereign Bank, visit http://www.sovereignbank.com or call 877-SOV-BANK.

SOURCE Sovereign Bank



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