Santander Holdings USA operates as the holding company for Santander Bank and is based in Boston, Massachusetts. Also, it is a wholly-owned subsidiary of Banco Santander. The company provides financial services to small to mid-sized businesses. Santander Holdings USA, Inc. is a wholly-owned subsidiary of Banco Santander, S.A. (SAN), one of the respected banking groups in the world with more than 125 million customers in Europe, Latin America, and the U.S. The Santander Group (Banco Santander, S.A.) exercises oversight of Santander US through the appointment of the members of the Board of Directors of Santander Holdings USA, setting a global strategy and allocating a global risk appetite across Santander US.