Published 03/24/11

SIE program gains international support

SMITHFIELD, R.I. (March 24, 2011) — Sovereign Bank, a part of Banco Santander, announced today it has signed a three-year agreement with Bryant University in support of the University's Sophomore International Experience. The program provides second-year students the opportunity to travel abroad and participate in international study.

Sovereign Bank will provide financial support through Santander Universities, a major initiative created by Banco Santander to support higher education and advance the bank's goal of expanding knowledge and experience throughout the world.

"At Bryant University, we strive to contribute significantly to the larger world through the leaders we produce. The Sophomore International Experience is one component of this effort," said Ronald K. Machtley, president of Bryant University. "Since its inception in 2007, this unique international program has helped 928 second-year students go abroad to gain a better understanding of their place and purpose in the global community. We are grateful to Sovereign Bank and Santander Universities for their support of our innovative program."

"We are very pleased to announce our support of Bryant University's initiative to expand students' international knowledge," said Jorge Morán, president and CEO of Sovereign Bank and Santander U.S. country head. "We believe the best investment for the future is in higher education. The Sophomore International Experience program serves an important role in students' futures by providing them the opportunity to learn about other cultures and how businesses operate globally."

The agreement affirms a partnership under which the University joins a network of more than 900 Santander Universities in 13 countries. Bryant joins 17 U.S. colleges and universities that participate in the Santander Universities Global Division, including: Babson College, Bentley University, Boston University, Brown University, Columbia University, Harvard, Long Island University, MIT, Northeastern, Providence College, SUNY, Tufts University, University of Pennsylvania, and Yale University.