NEW YORK, May 25 /PRNewswire-FirstCall/ -- Sovereign Bank today
announced that Josephine Savastano has been named New York Commercial
Banking Market President with responsibility for Middle Market banking
activities in Manhattan, Brooklyn and Staten Island.
Thomas Iadanza, commercial banking president of the Metro N.Y.-N.J.
Division of Sovereign, said, "With nearly 20 years of commercial banking
experience and expertise in this market, Josephine Savastano will be a
strong leader for our experienced team of relationship managers."
Savastano has held management positions of increasing levels of
responsibility in sales, marketing and risk management over the years. She
joined Sovereign Bank's SI Bank & Trust Division in 2005 as commercial
banking market president for Staten Island. She previously worked at
Citibank NA, where she was senior vice president responsible for commercial
banking in Brooklyn, Queens and Staten Island. Among her many current civic
and community activities, Savastano is on the boards of the Staten Island
Chamber of Commerce and the Alzheimer's Foundation of Staten Island and is
a member of the Women's Scholarship Committee at her alma mater, St.
Francis College in Brooklyn Heights, N.Y.
About Sovereign
Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent
company of Sovereign Bank, a financial institution with $82 billion in
assets as of March 31, 2007 with principal markets in the Northeast United
States. Sovereign Bank has nearly 785 community banking offices, over 2,300
ATMs and approximately 12,000 team members. 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.
Sovereign Bank is a registered trademark of Sovereign Bank or its
affiliates or subsidiaries in the United States and other countries.
SOURCE Sovereign Bank
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Related links:
http://www.sovereignbank.com
CONTACT:
Media, Michael A. Armstrong, +1-347-563-9251,
(cell) +1-917-279-8437, marmstro@sovereignbank.com, Ed Shultz,
+1-610-378-6162, (cell) +1-610-207-8753,
eshultz1@sovereignbank.com, both of Sovereign Bank
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