Sovereign Bank

Sovereign Bank

Sovereign Bank (nyse|SOV) is the 19th-largest banking institution in the United States.


The bank has more than $90 billion in assets, operates more than 800 retail banking offices, over 2,000 ATMs, and employs approximately 12,000 people. [] The company is based in Wyomissing, Pennsylvania, near Reading, and its principal market is in the Northeastern United States. Sovereign offers an array of financial services and products including retail banking, mortgages, corporate banking, cash management, capital markets, trust and wealth management, and insurance. There is a Sovereign Bank on Fifth Avenue in New York City.

The bank has naming rights to the Sovereign Bank Arena in Trenton, New Jersey, the Sovereign Center and Sovereign Performing Arts Center in Reading, Pennsylvania, and Sovereign Bank Stadium in York, Pennsylvania.

On 1 June 2006, Sovereign Bank purchased Independence Community Bank Corp. of Brooklyn, New York, for US$3.6 billion in cash. Sovereign completed the transition process of Independence and S.I. Bank & Trust customers on 9 September 2006. Sovereign financed this merger by selling a 20% stake in the bank to Spain's Banco Santander Central Hispano. []

In June 2006, Banco Santander Central Hispano purchased almost 20% of Sovereign Bank for US$2.4 billion. As Banco Santander owns 25% of Sovereign, it has the right to buy the bank for $40 per share for one year beginning in the middle of 2008. []

In 2008, former New York Mets pitcher Ron Darling appeared in commercials for the bank.
Jerry Remy, a broadcaster for NESN, the official network of the Boston Red Sox, advertised Sovereign ATM's in CVS stores in the New England Market.Fact|date=September 2008


External links

* [ Official website]
* [ ATM/Branch Locator]
* [ Sovereign Center]
* [ Sovereign Performing Arts Center]

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Sovereign Bank — Tipo Subsidiaria Sede Wyomissing, Pennsylvania, EE.UU. Industria Servicios financieros Ingresos …   Wikipedia Español

  • Sovereign Bank Stadium — Infobox Baseball Stadium stadium name = Sovereign Bank Stadium nickname = The Vault location = 5 Brooks Robinson Way York, Pennsylvania 17401 broke ground = September 29, 2006 opened = June 15, 2007 closed = demolished = owner = York County… …   Wikipedia

  • Sovereign Bank Arena — Infobox Stadium stadium name = Sovereign Bank Arena nickname = location = 81 Hamilton Ave Trenton NJ 08611 broke ground = opened = October 6, 1999 owner = Mercer County Improvement Authority. [ [… …   Wikipedia

  • Bank of America Home Loans — Type Subsidiary of Bank of America Founded 1969 (Countrywide), February 2009 (Bank of America Home Loans) Headquarters Calabasas, CA, USA (Countrywide Financial) Cha …   Wikipedia

  • Sovereign (disambiguation) — Sovereign may refer to: *Sovereignty, a philosophical concept or state *Sovereign (British coin) *Sovereign Hill, Victoria *Lady Sovereign, a female MC and performing artist for Def Jam Recordings *Sovereign class starship, in Star Trek… …   Wikipedia

  • Sovereign (Begriffsklärung) — Sovereign bezeichnet: eine englische Goldmünze, siehe Sovereign eine Modellreihe des Fahrzeugherstellers Daimler Motor Company, siehe Jaguar XJ (Mark I) eine englische Rapperin, siehe Lady Sovereign ein englisches Kriegsschiff im 17. Jahrhundert …   Deutsch Wikipedia

  • Bank of America — Not to be confused with First Bank of the United States, Second Bank of the United States, or Bank of United States. Bank of America Corporation Type Public Traded as …   Wikipedia

  • Bank of England — Bank of England …   Wikipedia

  • Sovereign Center — Daten Ort Reading, Pennsylvania, USA Koordinaten …   Deutsch Wikipedia

  • Bank of Mexico — Banco de México Bank of Mexico headquarters in Mexico City …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.