General Info

Sovereign Bank is a part of Sovereign Bancorp, which is a financial institution with more than $90 billion in assets. Founded in 1902, Sovereign Bank operates through more than 750 community branch offices and has over 2,300 ATMs. The bank offers retail, business and corporate banking, cash and wealth management and insurance products. In addition, it provides investment and retirement plans, health insurance policies and credit cards. Sovereign Bank has completed more than 25 mergers and acquisitions since the early 1990s. It acquired People's Bank, Independence Community Bancorp, Waypoint Financial Corporation and Seacoast Financial Services. Through its foundation, the bank makes charitable contributions to nonprofit organizations with a focus on low- and moderate-income individuals and communities. It supports programs for culture, community investment and economic development, youth and education, and health and human service. Sovereign Bank has a branch office in Villanova, Pa.