sovereign bancorp inc. Resources | BNET
On CHOW: Does drinking ice water burn calories?

BNET Industries

Sovereign Bancorp Inc. (SOV) is in the Financial Services Industry

Revenue
Dec 31 2007
$5.0B
Profit
Dec 31 2007
($1.3B)
Market Cap
Jul 22 2008
$12.5M

Latest News and Analysis

Additional Resources

  • BellwetherReport.com Analyst Report on FNM, FRE, SOV and HPC

    BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...

    Articles 2008-07-11

  • KBW Announces Changes to KBW Regional Banking Index and KBW Mortgage Finance Index

    NEW YORK -- Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly-owned subsidiary of KBW, Inc. (NYSE: KBW), today announced upcoming changes to the KBW Regional Banking Index (Index Symbol: KRXSM, ETF Symbol: KRESM) and KBW Mortgage Finance Index (Index...

    Articles 2008-05-27

  • Sovereign Bancorp Completes $1.9 Billion Capital Raise

    PHILADELPHIA, May 20 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc. ("Sovereign or the Company") , parent company of Sovereign Bank ("Bank"), today announced that it has completed its previously announced equity and debt offerings, which raised a total of approximately $1.9 billion for Sovereign and the Bank. "By proactively...

    Articles 2008-05-20

  • BellwetherReport.com Analyst Report on NTWK, CSUN, WCI, and SOV

    BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...

    Articles 2008-05-13

  • Sovereign Bank Announces Pricing of Debt Offering

    WYOMISSING, Pa., May 13 /PRNewswire-FirstCall/ -- Sovereign Bank ("Bank"), a federal savings bank and a subsidiary of Sovereign Bancorp, Inc. announced today that it has priced $500 million of fixed rate subordinated notes. The notes will have a coupon of 8.75% and will mature as of May...

    Articles 2008-05-13

  • Sovereign counts on capital infusion

    Sovereign Bancorp Inc. said yesterday that it planned to raise $1.5 billion in the latest move by big banks to replenish balance sheets depleted by the failure of risky loans made during the credit boom that collapsed last year. Sovereign, officially headquartered in Philadelphia although its chief executive works in...

    Articles 2008-05-13

  • Fitch Affirms Sovereign Bancorp's Ratings on New Equity Issue

    NEW YORK -- Fitch Ratings has affirmed the long-term Issuer Default Ratings IDRs of Sovereign Bancorp, Inc. SOV at 'BBB-' and Sovereign Bank at 'BBB'. A complete list of ratings is included at the end of this release. These affirmations follow SOV's announcement of a sizable capital raising...

    Articles 2008-05-12

  • Sovereign Bancorp Announces $1.0 Billion Common Stock Offering

    PHILADELPHIA, May 12 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc. ("Sovereign or the Company") , parent company of Sovereign Bank ("Bank") today announced the public offering of $1.0 billion of shares of its common stock. Lehman Brothers Inc. is acting as the sole book-running manager of the offering. The...

    Articles 2008-05-12

  • Sovereign Bank Announces Proposed Offering of Subordinated Notes

    WYOMISSING, Pa., May 12 /PRNewswire-FirstCall/ -- Sovereign Bank ("Bank"), a federal savings bank and a subsidiary of Sovereign Bancorp, Inc. today announced that it intends to offer, subject to market conditions and approval by the Office of Thrift Supervision ("OTS"), approximately $500 million of fixed rate subordinated notes...

    Articles 2008-05-12

  • Sovereign Bancorp Successfully Completes $1.25 Billion Common Stock Offering

    PHILADELPHIA, May 12 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc. ("Sovereign or the Company") , parent company of Sovereign Bank ("Bank") announced today that the Company has priced its public offering of 156,250,000 shares of common stock at an offering price of $8.00 per share for net proceeds, after the underwriting...

    Articles 2008-05-12

  • Finding fixes for a possible student loan crisis

    STUDENT LOANS ARE NECESSARY to make college a reality for many families. Now lawmakers and financial aid experts are pushing for safeguards to ensure that the federal student loan process won't be shaken by the nation's credit crunch. This worry has been magnified by significant changes in the...

    Articles 2008-05-01

  • Incorporated: 1987
  • CEO: Mr. Joseph P. Campanelli
  • Employees: 10,427

Sovereign Bancorp is the parent company of Sovereign Bank, a federally chartered savings bank. Co. had approximately 750 community banking offices and over 2,300 automatic teller machines as of Dec 31 2007 with principal markets in the Northeastern US. Co.'s primary business consists of attracting deposits from its network of community banking offices, and originating small business and middle market commercial loans, multi-family loans, residential mortgage loans, home equity loans and lines of credit, and auto and other consumer loans in the communities served by those offices. As of Dec 31 2007, Co. had total assets of $84.75 billion.

Key Competitors

Sovereign Bancorp Inc. Company Info

Board of Directors

Mr. P. Michael Ehlerman

Chairman

Mr. Juan Rodriguez-Inciarte

Mr. William J. Moran

Ms. Maria Fiorini Ramirez

Mr. Alberto Sánchez

Mr. Joseph P. Campanelli

Mr. Brian Hard

Mr. Gonzalo de Las Heras

Mr. Gabriel Jaramillo

Mr. Cameron C. Troilo Sr.

Mr. Ralph V. Whitworth

Mrs. Marian L. Heard

Mr. Andrew C. Hove Jr.

Contact Information

1500 Market Street

Philadelphia, PA

http://www.sovereignbank.com

215 557-4630

NAICS Code

Savings Institutions: 522120