Sovereign Bank - M&A Summary and Business Overview

Financial ServicesCompany

Sovereign Bank M&A Summary

Sovereign Bank has acquired 1 company.

Sovereign Bank’s largest acquisition to date was in 2004, when it acquired Waypoint Financial for $980M. Sovereign Bank has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

Sovereign Bank Business Overview

Where is Sovereign Bank headquartered?

Sovereign Bank is headquartered in Philadelphia, Pennsylvania.

What sector is Sovereign Bank in?

Sovereign Bank is a financial services company.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1

Sovereign Bank

Sovereign Bancorp, Inc.

Philadelphia, Pennsylvania
United States,
www.sovereignbank.com

Sovereign Bank is a regional US bank serving customers in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island. In addition to full-service retail banking, Sovereign offers a broad array of financial services and products including business and corporate banking, cash management, capital markets, trust and wealth management, and insurance. Sovereign Bank is headquartered in Philadelphia, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '99 '00 '01 '02 '03 '04 T
Buy (0.2/yr) # - - - - - 1 1
vol $980M $980M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
Waypoint Financial Corp. 2004-03-09 980M USD Add-on Acquisition
Harrisburg, Pennsylvania
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 1 (100%) 980M (100%) - -
Total 1 $980M - -

By Geo

State/Country Buy Value Sell Value
United States 1 980M - -
  Pennsylvania 1 980M - -
Total 1 $980M - -

Deal Values

buy # Total
$100M to $1B 1 $980M
TOTAL $980M
Largest Waypoint Financial Corp.
$980M (2004-03-09)

Company Summary

SECTOR

Financial Services

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