Sovereign is one of the largest financial services institution in the United States and a world-class financial services company. Sovereign Bank has 750 Community Banking Offices in nine states, and more than 2,300 ATMs.
Sovereign Bancorp, Inc., the parent company of Sovereign Bank, is an $87 billion financial institution with principal markets in the Northeast United States. Sovereign offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets, wealth management, and insurance. On June 1, 2006, Sovereign Bank purchased Independence Community Bank Corp. of Brooklyn for $3.6 billion in cash.