Sovereign Bancorp, Inc. Mergers and Acquisitions


Sovereign Bancorp, Inc.

1500 Market Street
Philadelphia, PA 19102
United States
Tel:1/215 557-4630
URL: http://www.sovereignbank.com/
Industry:
Banking
Sovereign Bancorp, Inc. Company Snapshot

Sovereign Bancorp, Inc. Deal Timeline


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Acquisitions > 100 M$ 10 to 100 M$ < 10M$ Stakes Divestitures

Sovereign Bancorp, Inc. M&A History


Banco Santander SA acquires Sovereign Bancorp Inc Banco Santander SA acquires Sovereign Bancorp IncJan 30, 2009

US - Banco Santander SA (BS) acquired the remaining ##.##% interest, or ###.### mil common shares, which it did not already own, in Sovereign Bancorp Inc (SB), in a stock swap transaction valued at $#. ## bil. BS offered

Sovereign Bancorp Inc seeking buyer for Sovereign Bancorp Inc-Risk Sovereign Bancorp Inc seeking buyer for Sovereign Bancorp Inc-RiskJan 26, 2009

US - In January ####, Sovereign Bancorp Inc, a provider of financial services, announced that it was seeking a buyer for its risk-weighted assets.

Sovereign Benefits Consulting acquires Hartz Consulting Group LLC Sovereign Benefits Consulting acquires Hartz Consulting Group LLCOct 31, 2006

US - Sovereign Benefits Consulting Inc, a wholly-owned unit of Sovereign Bancorp Inc, Philadelphia, Pennsylvania, acquired all the outstanding stock of Hartz Consulting Group LLC, a provider of benefits consulting services. Terms were not disclosed.

Santander Central Hispano SA acquires a minority stake in Sovereign Bancorp Inc,PA Santander Central Hispano SA acquires a minority stake in Sovereign Bancorp Inc,PAJul 17, 2006

US - Banco Santander Central Hispano SA raised its stake to ##.#% from ##.#%, by acquiring a #.#% stake, or ##.### mil common shares, in Sovereign Bancorp Inc, for $##.# in cash per share, or a

Santander Central Hispano SA acquires a minority stake in Sovereign Bancorp Inc,PA Santander Central Hispano SA acquires a minority stake in Sovereign Bancorp Inc,PAJun 01, 2006

US - Santander Central Hispano SA (SC) acquired a ##.#% stake or ## mil common shares, in Sovereign Bancorp Inc, Philadelphia, Pennsylvania, (SB) for $## in cash per share, or a total value of an estimated $#.### bil. The

Sovereign Bancorp Inc,PA acquires Independence Cmnty Bk Corp,NY Sovereign Bancorp Inc,PA acquires Independence Cmnty Bk Corp,NYMay 31, 2006

US - Sovereign Bancorp Inc, Philadelphia, Pennsylvania (SB), acquired all the outstanding common stock of Independence Community Bank Corp, Brooklyn, New York, for $## in cash per share, or a total value of $#.### bil. The transaction was subject regulatory

Sovereign Bancorp Inc,PA acquires Waypoint Financial Corp,PA Sovereign Bancorp Inc,PA acquires Waypoint Financial Corp,PAJan 21, 2005

US - Sovereign Bancorp Inc (SOV), Philadelphia, Pennsylvania, acquired Waypoint Financial Corp (WYPT), Harrisburg, Pennsylvania, a savings and loan holding company, in a stock swap transaction valued at $###.### mil. SOV offered a choice of $## in cash or #

Sovereign Bancorp Inc,PA acquires Seacoast Finl Svcs Corp,MA Sovereign Bancorp Inc,PA acquires Seacoast Finl Svcs Corp,MAJul 23, 2004

US - Sovereign Bancorp Inc (SOV), Philadelphia, Pennsylvania, acquired all the outstanding common stock of Seacoast Financial Services Corp (SCFS), New Bedford, Massachusetts, a savings bank holding company, in a stock swap transaction valued at $###.### mil. SOV offered $##

Lehman Brothers Holdings Inc acquires SIB Mortgage Corp from Sovereign Bancorp Inc,PA Lehman Brothers Holdings Inc acquires SIB Mortgage Corp from Sovereign Bancorp Inc,PAMar 01, 2004

US - Lehman Brothers Holdings Inc acquired SIB Mortgage Corp, a provider of consumer lending services, from Staten Island Bancorp Inc (SIB), Staten Island, New York. Concurrently, Independence Community Bank Corp, Brooklyn, New York, planned to merge with SIB, a savings

Sovereign Bancorp Inc,PA acquires First Essex Bancorp Inc,MA Sovereign Bancorp Inc,PA acquires First Essex Bancorp Inc,MAFeb 06, 2004

US - Sovereign Bancorp Inc, Philadelphia, Pennsylvania (SBI) acquired all the outstanding common stock of First Essex Bancorp Inc, Andover, Massachusetts (FEB), a bank holding company, in a stock swap transaction valued at $###.### mil. SBI offered a choice of

Indedendence Cmnty Bank,NY acquires Provident Bank,OH-Mortgage from Natl City Corp,Cleveland,Ohio (pending) Indedendence Cmnty Bank,NY acquires Provident Bank,OH-Mortgage from Natl City Corp,Cleveland,Ohio (pending)Oct 31, 2003

US - Independence Community Bank, Brooklyn, New York, a unit of Independence Community Bank Corp, Brooklyn, New York, agreed to acquire mortgage warehouse loans from Provident Bank, Cincinnati, Ohio.

Waypoint Bank,Harrisburg,PA acquires First Commonwealth-Branches(2) from First Commonwealth Finl Corp Waypoint Bank,Harrisburg,PA acquires First Commonwealth-Branches(2) from First Commonwealth Finl CorpSep 29, 2003

US - Waypoint Bank acquired two bank branches, located in Chambersburg, Pennsylvania, from First Commonwealth Bank, a commercial bank located throughout central and western Pennsylvania, and a unit of First Commonwealth Financial Corp.

RBS is rumored to be planning to acquire Sovereign Bancorp Inc,PA RBS is rumored to be planning to acquire  Sovereign Bancorp Inc,PAJul 22, 2003

US- Royal Bank of Scotland PLC was rumored to be planning to acquire all the outstanding common stock of Sovereign Bancorp Inc,Philadelphia,Pennsylvania.

Waypoint Financial Corp,PA acquires e3 Consulting Inc from Sovereign Bancorp Inc,PA Waypoint Financial Corp,PA acquires e3 Consulting Inc from Sovereign Bancorp Inc,PAApr 01, 2003

US - Waypoint Financial Corp acquired e# Consulting Inc (E#) , a developer of employee benefit programs. Terms were not disclosed. On completion, E# will do business as Waypoint Benefits Consulting.

Sovereign Bancorp Inc,PA acquires Main Street Bancorp Inc,PA Sovereign Bancorp Inc,PA acquires Main Street Bancorp Inc,PAMar 11, 2002

US - Sovereign Bancorp Inc (SBI), Wyomissing, Pennsylvania acquired Main Street Bancorp, Reading, Pennsylvania, a commercial bank holding company, in a stock swap transaction valued at $###.### mil. SBI offered a choice of $##.## in cash or common stock

Fulton Finl Corp,Lancaster,PA acquires Sovereign Bancorp-Branches(18) from Sovereign Bancorp Inc,PA Fulton Finl Corp,Lancaster,PA acquires Sovereign Bancorp-Branches(18) from Sovereign Bancorp Inc,PAJun 08, 2001

US - Fulton Financial Corp, Lancaster, Pennsylvania acquired ## branches of Sovereign Bancorp, Wyomissing, Pennsylvania, a bank holding company.

SIB Mortgage Corp acquires First Financial Inc SIB Mortgage Corp acquires First Financial IncMar 07, 2001

US - SIB Mortgage Corp, a unit of Staten Island Bancorp Inc, acquired First Financial Inc, a mortgage bank, located in Wellesley, Massachusetts.

Northwest Svgs Bk,Warren,PA acquires Sovereign Bank-Potter & Tioga from Sovereign Bancorp Inc,PA Northwest Svgs Bk,Warren,PA acquires Sovereign Bank-Potter & Tioga from Sovereign Bancorp Inc,PANov 06, 2000

US - Northwest Savings Bank, Warren, Pennsylvania, a unit of Northwest Bancorp Inc, acquired # branches, located in Potter and Tioga Counties, Pennsylvania, from Sovereign Bank FSB, a savings and loan institution. Terms were not disclosed. The transaction was to include

Independent Bank Corp,MA acquires Sovereign Bancorp-Community(4) from Sovereign Bancorp Inc,PA Independent Bank Corp,MA acquires Sovereign Bancorp-Community(4) from Sovereign Bancorp Inc,PAAug 04, 2000

US - Independent Bank Corp, Rockland, Massachusetts acquired # community banking offices located in Cape Cod, MA, from Sovereign Bancorp (SV). The sale of these branches occurred simultaneoulsy with SV's acquisition of the branches from FleetBoston. SV was previously obligated

Sovereign Bancorp Inc,PA acquires Fleet Financial Grp-Bk Br(211) from Bank of America Corp Sovereign Bancorp Inc,PA acquires Fleet Financial Grp-Bk Br(211) from Bank of America CorpJul 24, 2000

US - Sovereign Bancorp, Wyomissing, Pennsylvania, acquired ### bank branches, located in New England, from Fleet Financial Group (FFG), Boston, Massuchusetts for an estimated $###.# mil. Upon completion, the branches were to be renamed Sovereign Bank New England. Originally, in

Sovereign Bancorp, Inc. M&A Summary


Sovereign Bancorp, Inc. has made 35 acquisitions while taking stakes in 0 companies. Sovereign Bancorp, Inc. has 17 divestitures during this period.
YearAcquisitionsStakesDivestitures
2009001
2008000
2007000
2006202
2005100
2004201
2003101
2002100
2001101
2000202
1999100
1998600
1997300
1996104
1995402
1994301
1993301
1992101
1991200
1990000
1989100
Total35017

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