Bad news for Santander Bank account holders. The banking institution has announced that this summer, it will close several of its branches across the United States as part of broader changes to better meet the evolving needs of its customers. Here’s everything we know so far — including whether one of the affected locations is near you.
How many Santander Bank branches will close?
According to the company, 18 branches located in different states across the country are scheduled to close.
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Which Santander Bank branches will close? Full list
The closures will occur in states such as New York, New Jersey, and Pennsylvania. Here is the full list of branches that will soon cease operations:
- 19 Pleasant St., Woburn, MA
- 655 Park Ave., Worcester, MA
- 541 South Broadway, Suite #100, Salem, NH
- 346 Congress St., Boston, MA
- 22 New Derby St., Salem, MA
- 214 Washington St., Hoboken, NJ
- 2103 Hamilton Ave., Philadelphia, PA
- 370 N. Reading Rd., Ephrata, PA
- 873 Broad St., Newark, NJ
- 50 W Market St., West Chester, PA
- 39 S Main St., Middleton, MA
- 69 Washington St., Norwell, MA
- 280 Atwells Ave., Providence, RI
- 200 East 161st St., Bronx, NY
- 40 S Main St., Wharton, NJ
- 235 N. Second St., Harrisburg, PA
- 81 Water St., Staten Island, NY
- 2583 Pennington Rd., Pennington, NJ
Why is Santander Bank closing its branches?
Regarding the closures, the company stated that it continues to optimize its branch network and retail presence. This includes implementing new formats and investing in digital tools to improve service and better adapt to customers’ needs.
When will Santander Bank branches close?
The closures are scheduled to take place between the end of July and August 2025.
How many Santander Bank branches are there in the U.S.?
Currently, Santander Bank operates a total of 399 branches across the United States. Massachusetts is the state with the most locations, with 126 branches.
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The Origins of Santander Bank
Santander Bank’s history began on May 15, 1857, when Queen Isabella II of Spain signed the Royal Decree authorizing its founding. From its inception, the bank had a strong international focus, mainly supporting trade between the port of Santander in northern Spain and countries in Latin America.
During the early 20th century, the bank experienced notable growth. Between 1900 and 1919, it doubled its balance sheet, increased capital to 10 million pesetas, and achieved profitability above the average of other Spanish financial institutions. Around the same time, three other banks emerged — Banco Hispanoamericano, Banco Español de Crédito, and Banco Central — which would eventually merge into Santander.
The period from 1919 to 1939 was key to the bank’s consolidation. In 1923, it moved its headquarters to Paseo de Pereda in Santander and began building a branch network across Cantabria and other regions. That same year, it founded Banco de Torrelavega and expanded to other towns such as Espinosa de los Monteros and Osorno.
The arrival of Emilio Botín Sanz de Sautuola y López as general director in 1934 marked the beginning of a new era of expansion, which intensified after he became president in 1950. During this time, the bank acquired several local institutions and strengthened its presence throughout Spain. In 1946, it acquired Banco Mercantil, its historic rival in Santander.
In 1947, Santander opened its first office in the Americas, in Havana, later expanding to Argentina, Mexico, and Venezuela. By 1957, on its 100th anniversary, it was the seventh-largest financial institution in Spain. Over the following decades, the bank continued its international expansion, acquiring operations in Latin America and Europe, including First National Bank of Puerto Rico, Banco Español-Chile, and CC-Bank in Germany.
In the 1990s, the bank achieved major milestones such as acquiring Banesto in 1994 and merging with BCH in 1999, forming the largest financial institution in Spain. In the years that followed, Santander continued to strengthen its global leadership, with a particular focus on Latin America, Europe, and the United States.
