NEW YORK, June 18 /PRNewswire-FirstCall/ -- Sovereign Bank today
announced that John T. Harrison has been promoted to New Jersey Commercial
Banking Market President, with responsibility for middle market banking
throughout the state of New Jersey, as well as financial services aimed at
the gaming industry nationwide.
Thomas Iadanza, Commercial Banking President of the Metro NY-NJ
Division of Sovereign, said, "John is a seasoned banker with more than 30
years of experience in providing financial solutions for large businesses.
He and his relationship team will help middle market companies gain access
to the outstanding banking capabilities of Sovereign."
John Harrison said, "I am excited about this new opportunity to show
New Jersey companies how Sovereign can help meet their diverse financial
needs with our broad array of financial products for growing businesses."
Harrison joined Sovereign in 2004 as Regional Executive for the bank's
Mid-Jersey commercial market where his teams focused on small to mid-size
companies. In his new post, Harrison will lead a team of seasoned
relationship and portfolio managers in providing access to Sovereign's
financial services for middle market companies and executives, including
credit and cash management products, capital market and international trade
services. In his new position Harrison and his team will also be
responsible for providing financial services to the gaming industry,
including working capital and construction lending.
Before joining Sovereign, Harrison had been Managing Director of
Commerce Bank's Institutional Middle Market group. Before that he was
Senior Vice President and Senior Relationship Manager at Fleet Boston where
he focused on gaming and large corporate relationships. Earlier in his
career, his experience includes branch banking and small business lending.
Harrison earned a bachelor's degree in accounting at St. John's
University and has also completed numerous training programs including
advanced credit skills. He holds a Strategic Financial Analyst designation
and was also Co-Chairman of Sovereign's Mid-Jersey Advisory Board. Harrison
resides in Jackson, New Jersey, with wife Maureen and three children. In
community activities, he is a member of the Board of Directors of the
Central Jersey Chapter of the American Red Cross and coaches youth
basketball.
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. Headquartered in Wyomissing, Pa. with
principal markets in the northeast United States, Sovereign has nearly 785
community banking offices, more than 2,300 ATMs and approximately 11,350
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.
SOURCE Sovereign Bank
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Related links:
http://www.sovereignbank.com
CONTACT:
Michael A. Armstrong, +1-347-563-9251 -
Office, +1-917-279-8437 - Cell, marmstro@sovereignbank.com; or Ed
Shultz, +1-610-378-6162 - Office, +1-610-207-8753 - Cell,
eshultz1@sovereignbank.com, both of Sovereign Bank
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