SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BANCO SANTANDER CENTRAL HISPANO SA

(Last)

(First)

(Middle)

AVENIDA DE CANTABRIA, S/N

BOADILLA DEL MONTE

(Street)

MADRID

28660

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SANTANDER BANCORP [ SBA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/28/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/28/2005		P		5,500	A	$24.3267	41,332,108	I	*
Common Stock	09/29/2005		P		4,600	A	$24.4076	41,336,708	I	*
Common Stock	09/30/2005		P		21,500	A	$24.0177	41,358,208	I	*
Common Stock	10/03/2005		P		16,000	A	$24.0178	41,374,208	I	*
Common Stock	10/04/2005		P		17,800	A	$24.2085	41,392,008	I	*
Common Stock	10/05/2005		P		134,100	A	$24.7454	41,526,108	I	*
Common Stock	10/06/2005		P		70,100	A	$24.5433	41,596,208	I	*
Common Stock	10/07/2005		P		146,700	A	$24.0003	41,742,908	I	*
Common Stock	10/11/2005		P		86,900	A	$24	41,829,808	I	*
Common Stock	10/12/2005		P		22,200	A	$24.0076	41,852,008	I	*
Common Stock	10/13/2005		P		62,330	A	$24.014	41,914,338	I	*
Common Stock	10/13/2005		P		1,300	A	$24	41,915,638	I	*
Common Stock	10/14/2005		P		8,400	A	$23.9994	41,924,038	I	*
Common Stock	10/17/2005		P		27,500	A	$24.2431	41,951,538	I	*
Common Stock	10/18/2005		P		1,400	A	$24.5714	41,952,938	I	*
Common Stock	10/19/2005		P		5,000	A	$25.2514	41,957,938	I	*
Common Stock	10/20/2005		P		7,400	A	$24.9476	41,965,338	I	*
Common Stock	10/21/2005		P		5,900	A	$24.2592	41,971,238	I	*
Common Stock	10/24/2005		P		22,100	A	$24.1252	41,993,338	I	*
Common Stock	10/25/2005		P		5,900	A	$24.2907	41,999,238	I	*
Common Stock	10/26/2005		P		2,900	A	$24.7724	42,002,138	I	*
Common Stock	10/27/2005		P		2,500	A	$25.3136	42,004,638	I	*
Common Stock	10/28/2005		P		4,700	A	$25.3938	42,009,338	I	*
Common Stock	10/31/2005		P		4,700	A	$25.1198	42,014,038	I	*
Common Stock	11/01/2005		P		1,700	A	$25.6094	42,015,738	I	*
Common Stock	11/02/2005		P		10,100	A	$25.4267	42,025,838	I	*
Common Stock	11/03/2005		P		12,200	A	$25.4339	42,038,038	I	*
Common Stock	11/04/2005		P		14,600	A	$25.2384	42,052,638	I	*
Common Stock	11/07/2005		P		7,800	A	$26.4169	42,060,438	I	*
Common Stock	11/08/2005		P		16,200	A	$26.472	42,076,638	I	*

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

* All Shares were purchased by Administration de Bancos Latinoamericanos Santander, S.L., a wholly-owned subsidiary of Banco Santaneder Central Hispano, S.A.

	/s/ Pablo Castilla	11/22/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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