Sovereign Bank is a bank that operates mostly in the Northeastern United States.
Sovereign Bank offers banking services such as ATMs, retail banking, corporate banking, cash management, wealth management, insurance, and mortgages.
Sovereign Bank was founded in 1902 when it was established as a loan association that helped Pennsylvania textile workers to become homeowners.
The bank expanded into New England in 2000 and New York in 2006.
In 2005, Sovereign and Banco Santander of Spain formed a strategic partnership, and Sovereign joined the Santander Group in 2009.
Today Sovereign Bank is a wholly-owned subsidiary of the Santander Group and is no longer publicly traded.