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Massachusetts Maritime Academy - Santander Announces Three-Year Agreement With MMA Admissions - Santander Announces Three-Year Agreement With MMA

Jorge Morán, President and CEO of Sovereign Bank and Santander U.S. Country Head with MMA cadets
Buzzards Bay, MA (March 30, 2011) – Sovereign Bank, a part of Banco Santander, announced today it has signed a three-year agreement with the Massachusetts Maritime Academy to help expand the Academy’s international outreach initiatives.


Sovereign Bank will provide financial support for the initiatives through Santander Universities, a major initiative created by Banco Santander to support higher education and advance the bank’s goal of expanding knowledge and experience globally. The agreement will launch Santander Universities Study Abroad Scholarship Grants for cadets to study abroad at Shanghai University. It will also provide International Maritime Business Scholarships to cadets within the International Maritime Business program, and for grants to send cadets to the annual International Association of Maritime Universities.

“We are very pleased to partner with the Massachusetts Maritime Academy, one of the premier maritime training academies in the world,” said Jorge Morán, President and CEO of Sovereign Bank and Santander U.S. Country Head. “We believe that the best investment we can make in our future is in higher education. The programs we are launching through today’s agreement will help cadets gain valuable knowledge and experience they will use later in their careers.”

“Massachusetts Maritime Academy is extremely pleased to partner with Santander - a world leader in international banking.” said Rear Admiral Richard Gurnon, President of the Massachusetts Maritime Academy. “Working together we will be able to provide some spectacular opportunities for our cadets to study abroad and learn the true value gained from cooperation between different cultures and countries.”

The agreement affirms a partnership under which the Massachusetts Maritime Academy joins a network of nearly 20 U.S. colleges and universities that participate in the Santander Universities Global Division, including: Babson College, Bentley University, Boston University, Brown University, Bryant University, Columbia University, Harvard, Long Island University, MIT, Northeastern, NYU, Providence College, SUNY, Tufts University, University of Pennsylvania, and Yale University.

About The Massachusetts Maritime Academy

For over 100 years, the Massachusetts Maritime Academy has been preparing women and men for exciting and rewarding careers on land and sea. As the nation's oldest and finest co-ed maritime college, MMA challenges students to succeed by balancing a unique regimented lifestyle with a typical four-year college environment. Located on Cape Cod, at the mouth of the scenic Cape Cod Canal, Massachusetts Maritime Academy was founded in 1891 and is the ideal college to pursue your love for the ocean, your concern for the environment, your interest in Math and Sciences, and your thirst for adventure. For additional information, please visit www.maritime.edu.

About Santander Universities

Santander Universities Global Division is the foundation of Banco Santander’s commitment to social action and enables it to maintain a strong alliance with the academic world. Santander has 941 agreements in 15 countries that include the United States, Argentina, Brazil, Chile, Colombia, China, Mexico, Puerto Rico, Portugal, Spain, Morocco, Singapore, the United Kingdom, Uruguay and Russia. Through the Universities division, Santander supports the higher education sector in these countries in areas that include teaching and research, international cooperation, knowledge and technology transfer, entrepreneurial initiatives, and student mobility. Over the last 15 years Santander Universities has provided nearly $1 billion to fund more than 3,500 projects and over 17,000 scholarships annually.

About Sovereign/Santander

Banco Santander (SAN.MC, STD.N) is a retail and commercial bank, headquartered in Spain, with a presence in ten main markets: Spain, Portugal, Germany, the UK, Poland, Brazil, Mexico, Chile, Argentina and the U.S. Founded in 1857, Santander had 1,217 trillion euros in assets at the end of 2010. Santander has 92 million customers, approximately 14,000 branches – more than any other international bank – and over 170,000 employees. For more information on Santander, visit www.santander.com.

Sovereign Bank, a subsidiary of Banco Santander, S.A., is a financial institution with principal markets in the northeastern United States. Sovereign has more than 700 branches, over 2,300 ATMs and approximately 8,000 team members. For more information on Sovereign Bank, visit www.sovereignbank.com or call 877-SOV-BANK.

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last updated 10-31-2012 by estevenson@maritime.edu