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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investor and sovereign bancorp inc. - All News and Analysis
LIGHTNING ON THE Horizon
- 2006-07-01
RECORD PROFITABILITY HAS BOUGHT THE INDUSTRY SOMETIME, BUT BANK BOARDS WILL INCREASINGLY FIND THEMSELVES UNDER PRESSURE FROM RESTIVE SHAREHOLDERS. Lawrence Seidman has been investing in small banks and thrifts for 22 years, often using the leverage afforded by those shares to pressure boards and managements to change strategic...
Relational Investors Responds to Proposed Pennsylvania Legislation
- 2006-02-03
SAN DIEGO, Calif. -- Relational Investors LLC, the largest shareholder of Sovereign Bancorp, Inc. (NYSE: SOV) with 8% of the outstanding shares, today issued the following statement in response to passage of SB-595 by the Pennsylvania Legislature: "According to press reports, including an article in this morning's Philadelphia Inquirer,...
Agency Predicts Bank Failures to Cost Insurance Funds Nearly $1 Billion.
- 2002-02-12
By Joseph N. DiStefano, The Philadelphia Inquirer Knight Ridder/Tribune Business News Feb. 12--Hundreds of millions of dollars in corporate profits have vanished in the last two weeks, in a series of embarrassing disclosures that have left regulators, accountants and investors jittery amid...
Nation's Banks Take Drubbing over Billions in Hidden Losses.
- 2002-02-12
By Joseph N. DiStefano, The Philadelphia Inquirer Knight Ridder/Tribune Business News Feb. 12--Hundreds of millions of dollars in corporate profits have vanished in the last two weeks, in a series of embarrassing disclosures that have left regulators, accountants and investors jittery amid...
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,...
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