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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mortgages and sovereign bancorp inc. - All News and Analysis
Business news in brief
- 2006-12-19
IN THE REGION Sovereign to pull back on mortgages, analysts say Stock analysts who follow Sovereign Bancorp Inc. predicted yesterday that the company would reduce its reliance on home loans and investment securities to boost capital. Collyn B. Gilbert of Ryan Beck & Co. Inc. suggested that Sovereign would shed...
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...
The Philadelphia Inquirer Loose Change Column.
- 2001-10-09
By Joseph N. DiStefano, The Philadelphia Inquirer Knight Ridder/Tribune Business News Oct. 9--SOVEREIGN ALLEGES $2 MILLION FRAUD: On July 23, Sovereign Bancorp told investors it had suffered an "unusual loss in a branch" that cut $2 million off its second-quarter profit. ...
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