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
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Ex-Bank CEOs Become Buyout Pitchmen
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News & Analysis
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investment and sovereign bancorp inc. - All News and Analysis
Relational Requests Clarification of Major Contradiction in Sovereign's Statements
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")) ...
The Philadelphia Inquirer Loose Change Column.
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...
The Boston Globe Boston Capital Column.
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.
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...
Carnegie Bancorp Prepares For Shareholder Vote on Proposed Merger
PRINCETON, N.J.--BUSINESS WIRE--July 1, 1998--Carnegie Bancorp announced that proxy materials were mailed today to its shareholders of record as of June 22, 1998.The proxy materials provide information regarding the proposed merger between Carnegie Bancorp and Sovereign Bancorp Inc. Carnegie shareholders will vote on the merger proposal at Carnegie's Annual Meeting...
First State Financial Services declares regular quarterly cash dividend
WEST CALDWELL, N.J.--BUSINESS WIRE--Jan. 17, 1997--Chairman of the Board of First State Financial Services Inc. (NASDAQ: FSFI), Michael J. Quigley, III, announced that the Board of Directors declared a regular quarterly cash dividend of $.055 per share of common stock payable on Feb. 15, 1997, to stockholders of record on...
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