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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sovereign bancorp inc. and taxes - All News and Analysis
Olenicoff Hit With Another Tax Claim
- 2004-11-22
The Internal Revenue Service, is doubling down on real estate developer Igor M. Olenicoff. The IRS recently ordered Olenicoff and wife Jeanne to pay $60.3 million in extra 1997 taxes and penalties. Igor Olenicoff owns and runs Olen Properties Corp. of Newport Beach (see related story, page 1). The order...
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....
Main Street Bancorp, Inc. Announces 22% Increase in Third Quarter Operating Income
- 2001-10-23
Business Editors READING, Pa.--BUSINESS WIRE--Oct. 23, 2001 Main Street Bancorp, Inc., (NASDAQ:MBNK) announced today operating income, which excludes realized securities losses, special charges and other one-time charges, net of taxes, was $2.8 million, or $0.26 per share, for the third quarter of 2001, compared to $2.3 million, or...
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Industry Transcripts by Seeking Alpha
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Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
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Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
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Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
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American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
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MBIA Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about MBI
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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