---
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"
generated_at: "2026-06-07T10:16:12.748281+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Santander closes JV with FDIC, acquires 20% stake in $9B multifamily portfolio from Signature Bank

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811830-23-000044
- JSON: https://secwatch.observer/filing/0000811830-23-000044.json
- Plain text: https://secwatch.observer/filing/0000811830-23-000044.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.