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
Recent Events
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Ex-Bank CEOs Become Buyout Pitchmen
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Business news in brief
News & Analysis
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company and sovereign bancorp inc. - All News and Analysis
Sovereign Bancorp Successfully Completes $1.25 Billion Common Stock Offering
- 2008-05-12
PHILADELPHIA, May 12 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc. ("Sovereign or the Company") , parent company of Sovereign Bank ("Bank") announced today that the Company has priced its public offering of 156,250,000 shares of common stock at an offering price of $8.00 per share for net proceeds, after the underwriting...
Relational Requests Clarification of Major Contradiction in Sovereign's Statements
- 2005-11-10
SAN DIEGO -- On October 25, 2005, during an investor conference call sponsored by Sovereign Bancorp, Inc. (NYSE: SOV), Sovereign's Chairman and CEO Mr. Jay S. Sidhu made the following statement:"It (the Investment Agreement between Banco Santander Central Hispano, S.A. and Sovereign (the "Investment Agreement")) ...
Main Street Bancorp, Inc. Announces 22% Increase in Third Quarter Operating Income
- 2001-10-23
Business Editors READING, Pa.--BUSINESS WIRE--Oct. 23, 2001 Main Street Bancorp, Inc., (NASDAQ:MBNK) announced today operating income, which excludes realized securities losses, special charges and other one-time charges, net of taxes, was $2.8 million, or $0.26 per share, for the third quarter of 2001, compared to $2.3 million, or...
eFax.com, Sovereign Bancorp, Geoworks, Retek, And CDW Computer Centers Conference Calls to be Broadcast by Investor Broadcast Network Over the Internet
- 2000-01-21
Business Editors/Hi-Tech Writers PHILADELPHIA--BUSINESS WIRE--Jan. 21, 2000 eFax.com, Inc (NASDAQ: EFAX), Sovereign Bancorp, Inc (NASDAQ: SVRN), Geoworks Corporation (NASDAQ: GWRX), Retek, Inc (NASDAQ: RETK), and CDW Computer Centers, Inc (NASDAQ: CDWC) will broadcast investor communications conference calls over the Internet, Investor Broadcast Network (f/k/a Vcall) announced. eFax.com,...
Sovereign Bancorp of Philadelphia Announces Acquisition of ML Bancorp.(Originated from The Philadelphia Inquirer)
- 1997-09-19
Sovereign Bancorp will buy Main Line Bank and its parent company, ML Bancorp, for $345 million in stock, both companies said Thursday night. Sovereign Bancorp will buy Main Line Bank and its parent company, ML Bancorp, for $345 million in stock,...
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