Santander Introduces First Openbank Location in the United States at Miami Worldcenter

• Location is the third Openbank-branded physical location in the world and demonstrates Santander's expanding presence in Miami market.

• This opening reflects Santander's aspiration of transforming into a leading national, digital bank with branches.

• The Openbank digital platform continues to grow rapidly in the U.S., topping $4 billion in deposits and more than 100,000 customers since its U.S. introduction in late 2024.

Santander Bank, N.A. ("Santander Bank" or "the Bank") today announced the unveiling of its first Openbank location in the United States, located at 150 NE 8th Street in the new Miami Worldcenter. Ready to greet customers today, the new location will offer all of the services of a Santander Bank branch, and information about its Openbank division's digital-first banking products – including Openbank's High Yield Savings account with a rate 10x the national average*, investment services available through Santander Investment Services (a division of Santander Securities LLC)**, exceptional in-person customer service, on-site private meeting spaces, and a complimentary premium amenity bar for customers and non-customer community members alike. Similar to Santander's Work Café in Coconut Grove, Openbank is intended to serve as an innovation hub for creators, small businesses, and the broader community.

"We are incredibly proud of Santander's commitment to designing products and experiences that customers can fall in love with. The new Openbank location is another opportunity to bridge our digital and in-person experience to deliver a truly differentiated offering," said Swati Bhatia, Head of Retail Banking & Transformation at Santander Bank, and CEO of Openbank in the United States. "Our vision for building a digital bank with branches is becoming a reality, and I'm excited that customers in Miami will be among the first to experience Openbank in-person."

The opening of Openbank's first physical location in the U.S. marks the Bank's drive to blend digital convenience with personalized service in its retail spaces, enabling team members to dedicate more time to customer guidance.

Miami Worldcenter is the newest lifestyle destination with world-class retail and entertainment. Openbank by Santander will serve as presenting sponsor of Miami Worldcenter's Grand Opening celebration on Thursday, May 22, at 7 p.m. EDT with a free concert hosted by hometown favorites DJ Irie and DJ Scotty B, and performances from Lee Greenwood, Flo Rida, Nicky Jam, and Shaggy. The night will culminate in a block party with DJ Alesso. Attendees will also enjoy food, beverages, and street activations from tenants of Miami Worldcenter. As part of the celebration, Openbank will host an F1 car at the location that attendees will be able to experience up close.

This news adds to Santander's rapidly expanding presence in the Miami region. The bank now hosts its first Openbank location in the U.S., a Work Café and office location in the Coconut Grove neighborhood, the Banco Santander International headquarters in Miami, and an extensive ATM network at Target locations in South Florida.

Openbank by Santander, the Bank's digital banking platform, launched in the U.S. market in late 2024 with a high yield savings account offering that is now available nationwide. Since its U.S. debut, Openbank has generated more than $4 billion in deposits and more than 100,000 customers, as of May 2025. Through the platform, the Bank plans to introduce additional products, such as Certificates of Deposit (CDs) and Checking Accounts. Openbank in the U.S. is a division of Santander Bank, N.A., which is a Member of the FDIC***. For more information about Openbank by Santander, including eligibility, please visit openbank.us.

*Interest Rates and Annual Percentage Yields (APYs) are accurate as of 12:01 am Eastern Time on TBD X, 2025. The APY comparison is based upon the national average for ‘Savings' deposit products as published in the FDIC National Rates and Rate Caps on FDIC.gov of 0.41%, accurate as of 4/21/25.

** Securities and advisory services are offered through Santander Investment Services, a division of Santander Securities LLC. Santander Securities LLC is a registered broker-dealer, Member FINRA and SIPC and a Registered Investment Adviser. Insurance is offered through Santander Securities LLC or its affiliates. Santander Investment Services is an affiliate of Santander Bank, N.A.

Santander Securities LLC U.S. registered representatives may only conduct business with residents of the states in which they are properly registered.

***Santander Bank, N.A., offering your account through its Openbank division, is a Federal Deposit Insurance Corporation ("FDIC") insured institution. Deposits at Santander Bank, N.A. and its Openbank division are combined for FDIC insurance purposes (FDIC Cert. 29950) and are not separately insured. There is a maximum of $250,000 of deposit insurance from the FDIC per depositor for each category of account ownership. Please visit fdic.gov for details.

About Santander Bank, N.A.

Santander Bank, N.A. is one of the country's leading retail and commercial banks, with $102 billion in assets as of December 31, 2024. With its corporate offices in Boston, the Bank's more than 4,400 employees and more than 1.8 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE:SAN), recognized as one of the world's most admired companies by Fortune Magazine in 2024, with approximately 175 million customers in the U.S., Europe, and Latin America. It is overseen by Santander Holdings USA, Inc., Banco Santander's intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com.

Openbank in the United States is a division of Santander Bank, N.A., which is a Member of the FDIC and a wholly owned subsidiary of Banco Santander, S.A.

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Richard Tornambe Canecchia

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