Santander Holdings USA, Inc. Announces Federal Reserve Approval of its Acquisition of the Shares It Does Not Own of Santander Consumer USA Holdings Inc. and the Expiration of its Tender Offer to Acquire Such Shares

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Jan 28, 2022

Santander Holdings USA, Inc. (“SHUSA”) today announced that the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) has approved the acquisition of all outstanding shares of common stock of Santander Consumer USA Holdings Inc. (“SC”) not already owned by SHUSA and that SHUSA’s previously announced tender offer (the “Tender Offer”) to acquire such shares of common stock of SC for $41.50 per share (the “Offer Price”) has expired.