Santander Bank to lay off 200 R.I. workers, will stop issuing residential mortgages

Nancy Lavin

03/08/2022

NEARLY 200 RHODE ISLAND WORKERS for Santander Bank N.A. will lose their jobs next month as the company shutters its national residential mortgage business.

EAST PROVIDENCE - Nearly 200 workers out of Santander Bank N.A.’s East Providence’s office will be let go next month as the company stops issuing residential mortgages, according to a notice filed with the R.I. Department of Labor and Training. The layoffs come as part of a larger plan by the Spanish banking giant to…

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