Our History

Sovereign Bank offers a broad array of financial services, including retail, business, and corporate banking; cash management; capital markets; private wealth management; and insurance. Its roots reach back to 1902, when it was established as a building and loan association helping Pennsylvania textile workers become homeowners.

Sovereign successfully expanded into New England in 2000, and the New York area in 2006. The expansion into New England included approximately $12 billion in deposits, $8.1 billion in loans, 281 branches, and 550 ATMs from FleetBoston Financial, which was the largest branch acquisition in banking history. Today, Sovereign offers more than 750 branches and 2,300 ATMs from Maine to Maryland.

In 2005, Sovereign and Santander established a strategic partnership, and on January 30, 2009, Sovereign joined Santander Group, adding its successful U.S. franchise to Santander's global strength. Founded in 1857, Santander has a successful history in retail and commercial banking, and has grown to become one of the 5 largest banks in the world by profit.

In joining Santander, Sovereign is poised to offer even better service and more innovative products than ever before—from the same people you already know and trust. You can also continue to count on the close, personal attention you've come to expect—and you'll understand why we say "Our Future is Bright."

Learn More About Santander