THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Santander BanCorp (SBP)

5/12/2006 Proxy Information

The Bank has had loan transactions with the CorporationÕs directors and officers, and proposes to continue such transactions in the ordinary course of its business, on substantially the same terms, including interest rates and collateral, as those prevailing for comparable loan transactions with other people. The extensions of credit have not involved and do not currently involve more than normal risks of collectibility or present other unfavorable features.

3/24/2005 Proxy Information

Mr. Zabalza currently serves as Managing Director of Banco Santander Central Hispano, S.A responsible for Latin America since July 2002.

Mr. de las Heras has served as Chairman of Santander BanCorp and Banco Santander since October 2002. He joined Banco Santander in 1990. He currently serves as Executive Vice President of Banco Santander Central Hispano, supervising its North American business.

The Bank has had loan transactions with the Corporation's directors and officers, and proposes to continue such transactions in the ordinary course of its business, on substantially the same terms, including interest rates and collateral, as those prevailing for comparable loan transactions with other people. The extensions of credit have not involved and do not currently involve more than normal risks of collectibility or present other unfavorable features.