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Sovereign Bank's Vice President of Diversity and Inclusion Presenting at World Diversity Leadership Summit

    PHILADELPHIA, June 4 /PRNewswire-FirstCall/ -- Sovereign Bank's Vice
President of Diversity and Inclusion, David Lipscomb, will present at the
World Diversity Leadership Summit (WDLS) today and Tuesday, June 5, 2007 at
the United Nations' General Assembly building in New York.
    Today Lipscomb will participate in a panel discussion titled "What's
Next - Leveraging Diversity and Inclusion for ROI and Profit Generation" at
2:30 p.m. Panelists include Douglas Freeman, chief executive officer,
Vitrcom Consulting; William Rolack, diversity manager, Adecco Dimensions;
and Fred Smith, vice president of sales and marketing, ProGroup Inc.
    Lipscomb will speak during the event's "Global Diversity & the Bottom-
Line" session at 10 a.m. on June 5. The session will highlight how managing
global diversity in the corporation helps lower costs, increase revenues,
drive productivity and spur innovation. It will provide a number of
business case studies and an over-arching framework to clarify the link
between diversity and the bottom-line.
    Hosted by the United Nations Global Compact, the WDLS brings together
leading policy experts, government officials, corporate executives and NGO
representatives to discuss the ramifications of diversity on the
globalization process.
    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:
    Deborah Pulver of Sovereign Bank,
    +1-610-378-6784, Cell, +1-610-207-4651, dpulver@sovereignbank.com