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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pennsylvania and sovereign bancorp inc. - All News and Analysis
Rendell signs bill aiding Sovereign
- 2006-02-11
Gov. Rendell signed into law yesterday a bill designed to protect Sovereign Bancorp Inc. against dissident investors. Brushing aside complaints by Relational Investors L.L.C., Franklin Mutual Advisers L.L.C., and other big Sovereign shareholders that Senate Bill 595 unfairly benefits the bank's executives at the expense of shareholders' rights, Rendell...
The Boston Globe Business Briefs Column.
- 2004-03-10
By Sasha Talcott, The Boston Globe Knight Ridder/Tribune Business News Mar. 10--SOVEREIGN EXTENDS INTO MARYLAND: Sovereign Bancorp said it would buy Waypoint Financial Corp. for $980 million, expanding its franchise into Maryland for the first time. The deal also adds to ...
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...
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Glass Door
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| Wells Fargo |  |
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