BOSTON, June 18 /PRNewswire-FirstCall/ -- Sovereign Bank today
announced that Rosalin Acosta, executive vice president, has been named
managing director of the Wealth Management Division. Based in Boston,
Acosta will oversee a team providing wealth management and private banking
services to individual, corporate and institutional clients throughout
Sovereign's footprint.
Sovereign also announced that Ira Brower, executive vice president and
current managing director for the Wealth Management Division, will retire
from the bank to pursue other interests on December 1, 2007. Until that
date, Brower will serve in an advisory capacity and will assist with
transitioning the business to new management. Brower brought trust and
wealth management services to Sovereign in 1999 with the acquisition of
Peoples Bancorp and its subsidiary Manchester Trust of which he was
president.
Previously, Acosta was executive vice president and director of
Sovereign Bank's Government Banking unit. Under her stewardship, the unit
increased its market share and quadrupled in size. She joined Sovereign
Bank in 2000 serving as regional sales director of cash management services
for business banking.
Prior to joining Sovereign Bank, Acosta was a senior vice president and
team leader for Fleet Bank where she led a middle-market lending group in
Massachusetts and New Hampshire. During her 21 years in the banking
industry she held a number of sales and management positions in private
banking, retail banking, cash management sales and commercial lending at
Sovereign, Fleet, Bank of Boston and Eastern Bank.
Acosta has long been committed to community and public policy
initiatives to find solutions to social issues. In 2005 she was appointed
by former Massachusetts Speaker of the House, Thomas Finneran, to the
Healthcare Disparities Commission. In addition, she is on the board of the
State Office of Minority and Women Business Assistance Board of Appeals.
Acosta serves on the board of the New England Council and the Board of
Advisors for the Association of Latino Professionals in Finance and
Accounting. She also serves as vice chair of the North Shore Chamber of
Commerce and will assume chairmanship of the board in 2009.
A native of Cuba, Acosta earned a bachelors of arts from Wesleyan
University in Connecticut. She resides in Amesbury, Mass., with her five
children.
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.
**Photo is available upon request. Please contact Sovereign Bank at
(617) 757-5573.**
SOURCE Sovereign Bank
 back to top
Related links:
http://www.sovereignbank.com
CONTACT:
Ellen Molle of Sovereign Bank,
+1-617-757-5573, or cell, +1-617-548-9932, or
emolle@sovereignbank.com
|
