Sovereign Bank provides commercial personal banking resources for customers in the Northeast with more than 700 retail banking branches and more than 2,300 ATM locations. While the bank dates its first financial activity to the 1902 founding of a building and loan association in Pennsylvania, Sovereign Bank did not begin to expand its reach until the 1980s.
After a series of mergers and acquisitions, Sovereign Bank is now a subsidiary of one of the world’s largest banks, Santander Group. A member of the FDIC, the bank offers a variety of banking tools including:
Sovereign Bank offers two types of credit cards: a World Points Rewards card issued via Visa or Mastercard and a student credit card from Mastercard. Neither card carries an annual fee.
The past decade has been a busy period of growth for Sovereign Bank. After acquiring nearly 300 branch locations from now-defunct FleetBoston Financial in 2000, Sovereign Bank continued to acquire other regional banks in the Northeast. As the banking industry was shaken-up in the aftermath of the housing crisis, Sovereign Bank officially became a part of Spanish-owned Santander Group in 2009.
Check out Sovereign Bank’s Safe & Sound assessment rating on Bankrate.com.
While Sovereign Bank is headquartered in Wyomissing, Pa., the bank’s official corporate headquarters are at the Santander Group’s American offices here:
75 State Street
Boston, MA 02109
To reach the corporate headquarters, customers can call (617)346-7200 or use the bank’s toll-free number at (877)768-2265.