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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fleet and sovereign bancorp inc. - All News and Analysis
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....
The Philadelphia Inquirer Loose Change Column.
- 2002-09-10
By Joseph N. DiStefano, The Philadelphia Inquirer Knight Ridder/Tribune Business News Sep. 10--The head of one of the Philadelphia area's biggest banking operations has been recruited by one of its Market Street rivals. Philadelphia lender James J. Lynch, former president...
Boston's Fleet Financial Group Sells its Automobile Finance Unit.(Originated from The Boston Globe)
- 1997-07-03
Jul. 3--Fleet Financial Group yesterday sold its automobile finance unit to Sovereign Bancorp of Pennsylvania for about $2 billion in cash. The Fleet unit, which has a $2 billion loan portfolio, made loans to roughly 2,000 auto dealers throughout the Northeast....
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Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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