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Sovereign Presenting at Lehman Brothers London Conference

    PHILADELPHIA, May 12 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc.
("Sovereign") (NYSE: SOV), parent company of Sovereign Bank ("Bank"), today
announced participation in the upcoming Lehman Brothers 2006 Financial
Services Conference, to be held at Lehman Brothers European Headquarters
Canary Wharf on Wednesday, May 17, 2006. Jay S. Sidhu, Chairman and CEO of
Sovereign Bancorp, Inc. is scheduled to present at 2:35pm London time.
    The event will be webcast by Lehman Brothers. Interested parties may
access the webcast on the date of presentation by going to Sovereign's
website at http://www.sovereignbank.com, Investor Relations, Financials,
Presentations. In addition, a PowerPoint presentation will also be posted
on the site at that time.
    The webcast will be broadcast live and be available on replay for
ninety days.
    Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent
company of Sovereign Bank, a pro forma $83 billion financial institution
with nearly 800 community banking offices, over 2,000 ATMs and
approximately 12,000 team members with principal markets in the Northeast
United States after giving effect to the Independence acquisition and
recently announced branding agreement in which Sovereign ATMs will be
placed in CVS/pharmacy locations. Sovereign offers a broad array of
financial services and products including retail banking, business and
corporate banking, cash management, capital markets, wealth management and
insurance. Sovereign is the 18th largest banking institution in the United
States. For more information on Sovereign Bank, visit <
http://www.sovereignbank.com > or call 1-877-SOV-BANK.


SOURCE Sovereign Bancorp, Inc.




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Related links:
  • http://www.sovereignbank.com
    CONTACT:
    FINANCIAL: Mark McCollom, +1-610-208-6426,
    mmccollo@sovereignbank.com, or Stacey Weikel, +1-610-208-6112,
    sweikel@sovereignbank.com, or MEDIA: Ed Shultz, +1-610-378-6159,
    eshultz1@sovereignbank.com, both of Sovereign Bancorp