FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
Commission
File Number: 001-14554
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Banco
Santander Chile
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Santander
Chile Bank
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(Translation
of Registrant’s Name into English)
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Bandera
140
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Santiago,
Chile
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(Address
of principal executive office)
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Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F:
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Form 20-F
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x
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Form 40-F
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o
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
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Yes
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o
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No
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x
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
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Yes
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o
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No
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x
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Indicate
by check mark whether by furnishing the information contained in this Form, the
Registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
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Yes
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o
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No
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x
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If
“Yes” is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A [Missing Graphic
Reference]
Table
of Contents
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Item
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1.
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Translation
of material event
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SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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BANCO
SANTANDER-CHILE
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By:
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/s/
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Name:
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Juan
Pedro Santa María
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Title:
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General
Counsel
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Date:
June 3, 2010
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Santiago,
May 26, 2010
Material
Event
In
conformity with Articles 9 and 10 of the Law 18,045 and Article 147 of Law No.
18,046, Banco Santander Chile informs that in an ordinary Board Meeting held on
May 25, 2010, the Board approved the following operations with related
parties:
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1)
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Modification
to the fee structure the Bank and its subsidiary Santander Corredora de
Seguros Ltda receives from the related entities Santander Seguros
Generales S.A. and Santander Seguros de Vida
S.A.
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2)
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A
derivative contract with Banco Santander, S.A. parent company of Banco
Santander Chile.
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Regarding
both operations, the board members Lucía Santa Cruz, Claudia Bobadilla, Mauricio
Larraín, Oscar von Chrismar, Vittorio Corbo, Victor Arbulú, Marco Colodro, Juan
Manuel Hoyos, Roberto Mendez y Roberto Zahler expressed that these operations
contribute to the Bank’s interests and that the terms are in line with market
conditions as stated in the report issued by the Bank’s Audit Committee dated
May 24, 2010.
It is
important to point out that the board member Jesus María Zabalza approved the
operation in numeral 1, but abstained from omitting an opinion on the second
operation, since he is an employee of our parent company and, therefore, an
interested party in the transaction.
Sincerely,
Claudio
Melandri Hinojosa
Chief
Executive Officer