{"schema_version":"secwatch.filing_event.v1","accession":"0000811830-23-000044","form_type":"8-K","ticker":"SNUS-PI","cik":"0000811830","company_name":"Santander Holdings USA, Inc.","filed_at":"2023-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.070461+00:00","generated_at":"2026-06-07T10:16:12.748281+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Santander closes JV with FDIC, acquires 20% stake in $9B multifamily portfolio from Signature Bank","bullets":["Acquired 20% equity stake in joint venture for $1.1B; will service 100% of the $9B multifamily loan portfolio.","Portfolio consists of NYC rent-controlled/rent-stabilized multifamily loans retained by FDIC after Signature Bank failure.","Transaction expected to be accretive starting in 2024; consumes ~2 bps of Santander Group CET1, payback within 3 years.","Deal leverages Santander's $13.5B multifamily portfolio and Outstanding CRA rating; advised by Wachtell Lipton, Davis Polk, Chain Bridge."],"urls":{"canonical":"https://secwatch.observer/filing/0000811830-23-000044","json":"https://secwatch.observer/filing/0000811830-23-000044.json","markdown":"https://secwatch.observer/filing/0000811830-23-000044.md","text":"https://secwatch.observer/filing/0000811830-23-000044.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811830/000081183023000044/0000811830-23-000044-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811830/000081183023000044/sov-20231220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T10:16:12.748281+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}