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Sovereign Bancorp News

News on Sovereign Bancorp (Ticker: SOV) continually updated from thousands of sources around the net.

Jan 8, 2014 | Business Journal

Customers Bancorp calls off two deals; focuses on organic growth

In the sleepy week between Christmas and New Years, Customers Bancorp announced that it was terminating a merger agreement with a small bank in New York state and would not exercise its option to invest more in Indian financial services company Religare.

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Related Topix: Banking, Financial Services, US News

Fri Dec 13, 2013

Sys-Con Media

Soldi Receives Approval for Share Consolidation and Name Change

On November 25th 2013, the Company announced that the Board of Directors approved a consolidation of the Company's common shares on the basis of up to one post-consolidated share for every ten pre-consolidated shares .

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Related Topix: Banking, Financial Services

Wed Nov 06, 2013

JD Supra

District Court Rules for Taxpayer in STARS Case Santander Holdings;...

On October 17, 2013, Judge George A. O'Toole of the US District Court of Massachusetts issued an opinion holding that a structured trust advantaged repackaged securities transaction entered into by Sovereign Bancorp, Inc. was not a sham, but rather had objective economic substance as a result of a payment Sovereign received from the counterparty ... (more)

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Related Topix: Financial Services, Banking

Fri Sep 27, 2013

Business Journal

Atlantic Coast Bank names James Hogan interim CFO

Atlantic Coast Bank has named a long-time confidant of activist shareholder Jay Sidhu as the Jacksonville-based bank's interim chief financial officer.

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Related Topix: Hogan (Jacksonville, FL), Federal Reserve Bank of Atlanta, Financial Services, Banking

Tue Sep 10, 2013

Business Journal

Jay Sidhu top earner in Philadelphia suburbs

Atlantic Coast Financial Corp. activist investor Jay Sidhu is one of the highest pay executives in suburban Philadelphia, bringing home $6.1 million a year from his day job.

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Related Topix: Wyomissing, PA, Financial Services, Banking

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