BNET Industries
Last Fiscal Year Sales:$5.2B
- Public
- US
Dow Jones Description
Sovereign Bancorp, Inc., (NYSE: SOV), is the parent company of Sovereign Bank, a financial institution with $85 billion in assets as of December 31, 2007 with principal markets in the Northeast United States. Sovereign Bank has 750 community banking offices, over 2,300 ATMs and approximately 12,000 team members. Sovereign offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets, wealth management and insurance. Sovereign is the 19th largest banking institution in the United States.
Number of Employees 10,235
Contact Information
1500 Market St
Philadelphia, Pennsylvania 19103-3231
(610) 320-8400
Peer Companies
NAICS Code Savings Institutions: 522120
News & Analysis
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banking and sovereign bancorp inc. - All News and Analysis
The Boston Globe Business Briefs Column.
- 2004-03-10
By Sasha Talcott, The Boston Globe Knight Ridder/Tribune Business News Mar. 10--SOVEREIGN EXTENDS INTO MARYLAND: Sovereign Bancorp said it would buy Waypoint Financial Corp. for $980 million, expanding its franchise into Maryland for the first time. The deal also adds to ...
FleetBank Financial Corp. Loses Primary Role as Massachusetts Banker.
- 2003-09-03
By Raphael Lewis, The Boston Globe Knight Ridder/Tribune Business News Sep. 3--FleetBank Financial Corp., in the middle of a dispute with the Massachusetts Department of Revenue over $20 million in back taxes, lost its role as the state government's primary banker yesterday....
Financial Group to Announce $2.1 Billion Purchase of Mellon Bank's Retail Unit.
- 2001-07-17
By Scott Bernard Nelson, The Boston Globe Knight Ridder/Tribune Business News Jul. 17--Citizens Financial Group is expected to announce a $2.1 billion acquisition of Mellon Bank's retail division as soon as today, a move that would more than double its branch network and give...
The Boston Globe Boston Capital Column.
- 2001-04-27
By Steven Syre and Charles Stein, The Boston Globe Knight Ridder/Tribune Business News Apr. 27--DOES LARRY FISH have the green light? More than a year after Citizens Financial Group completed its last purchase, the $1.4 billion acquisition of Boston's UST Corp.,...
Federal Reserve Approves Fleet Financial's Acquisition of BankBoston.
- 1999-09-08
Knight Ridder/Tribune Business News Sep. 8 -- The Federal Reserve Board yesterday approved Fleet Financial Group Inc.'s acquisition of BankBoston Corp., clearing the way for the creation of the nation's eighth-largest banking company, to be known as Fleet Boston Corp. The...
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