BOSTON, July 26 /PRNewswire-FirstCall/ -- Sovereign Bank (NYSE: SOV)
announced today it has reached the ten-year milestone as a Preferred
Supplier for the Automobile Association of America (AAA). AAA Preferred
Suppliers are carefully evaluated and chosen for their reputation in their
industry and their ability to provide superior value to AAA service
providers.
"Sovereign is proud of the solid track record we've built with AAA and
its network of AAA clubs and service providers," said Michael Paez, senior
vice president of Commercial Vehicle Finance with Sovereign Bank. "AAA
service providers are the real winners as they benefit from special rates
on vehicle and capital equipment financing and credit card processing. We
look forward to the next ten years of trust."
According to Doug McLendon, director, AAA Roadside Programs and
Benefits, "Sovereign Bank understands the unique business needs of AAA
service providers and continues to provide best-in-class service to this
important network. As AAA celebrates the milestone of 50 million members,
we applaud Sovereign on their 10-year affiliation and appreciate all they
have done to provide AAA service providers with the best financing and
credit card processing terms in the industry."
Sovereign Bank has been working with thousands of AAA contractors
coast-to-coast to support their banking needs and help their businesses
grow.
About Sovereign
Sovereign Bancorp, Inc., ("Sovereign"), is the parent company of
Sovereign Bank, a financial institution with $82 billion in assets as of
June 30, 2007 with principal markets in the Northeast United States.
Sovereign Bank has nearly 750 community banking offices, over 2,250 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.
About AAA
As the largest motor club in North America, AAA provides its affiliated
service providers with a variety of business opportunities and benefit
programs such as specialized training, discounts on safety equipment,
vehicle purchases, uniforms and finance programs. For more information
about AAA Preferred Supplier programs log onto the AAA service provider web
site: http://AAA.biz/auto.
SOURCE Sovereign Bank
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Related links:
http://www.sovereignbank.com
http://AAA.biz/auto
CONTACT:
Debi Pulver of Sovereign Bank, Office:
+1-610-378-6784, Cell: +1-610-207-4651, dpulver@sovereignbank.com
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