Sovereign Bank

Sovereign Bancorp reigns supreme in the Northeast. One of the largest US thrifts, the company, which has made some two dozen acquisitions since 1990, rules from north of Boston to south of Philadelphia with more than 650 branches and 1,000 ATMs.

Sovereign Bank bought Massachusetts' First Essex Bancorp and Seacoast Financial Services in 2004, and purchased Waypoint Financial in Pennsylvania in early 2005.

Catering to individuals and small to mid-sized businesses, main subsidiary Sovereign Bank offers deposit products and real estate, business, and consumer home loans. Other offerings include asset management, employee benefit plans, estate settlement, personal and small business insurance, and trust services.

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