BANCO SANTANDER TO BUY WEST GERMANY'S CC-BANK <Banco Santander> signed a letter of intent with Bank of America <BAC> to purchase its West German affiliate <Bankhaus Centrale Credit AG>, CC-Bank, the bank said in a statement amplifying an earlier report from Frankfurt. "The incorporation of CC-Bank in our group will provide a major boost...For chanelling investment between Spain and the European Community," the statement said. "This operation enables us to take up a solid position in West Germany ahead of Spain's full integration into the EC's financial system in five years' time." The deal included the license for Visa credit cards.