Banco Santander, S.A. provides a range of banking and financial products. It offers various deposit products, such as demand and time deposits, and savings and current accounts; repurchase agreements; mortgages and personal loans; consumer finance; and telephone banking services, and online and mobile telephone banking services. The company also engages in corporate banking, treasury, and investment banking activities; designs and manages mutual and pension funds, investment companies, and discretionary portfolios; manages real estate investment products; and offers trade finance and wholesale banking services. In addition, it provides financial advice and wealth management for high-net-worth clients; private equity for venture capital; protection and household savings insurance products; brokerage of securities; and credit and debit cards, as well as collection services and payment processing for merchants. The company operates primarily in Spain, the United Kingdom, other European countries, Brazil and other Latin American countries, and the United States. As of December 31, 2011, it had 6,608 branch offices in continental Europe; 1,379 branches in the United Kingdom; 6,046 branches in Latin America; and 723 branches in the United States. The company was formerly known as Banco Santander Central Hispano S.A. and changed its name to Banco Santander, S.A. in June 2007. Banco Santander, S.A. was founded in 1857 and is headquartered in Madrid, Spain.