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Sovereign Presenting at Lehman Brothers Conference

    PHILADELPHIA, Sept. 3 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc.
("Sovereign") (NYSE: SOV), parent company of Sovereign Bank ("Bank"), today
announced participation in the upcoming Lehman Brothers Financial Services
Conference, to be held at the Hilton New York in New York City from Monday,
September 8 through Wednesday, September 10, 2008. Joseph Campanelli,
President and CEO of Sovereign, Kirk Walters, Sovereign's Chief Financial
Officer, and M. Robert Rose, Sovereign's Chief Risk Management Officer, are
scheduled to present on Tuesday, September 9, 2008 at 4:45 p.m. ET.

    The event will be webcast by Lehman Brothers, hosted by Talkpoint.
Interested parties may access the webcast by logging onto
http://cc.talkpoint.com/LEHM002/090808a_jw/default.asp?entity=sovereign and
registering. A webcast replay will be available within 24 hours of the live
presentation and archived by Lehman Brothers for up to 90 days following
the event.

    A PowerPoint presentation will be available on Sovereign's website at
http://www.sovereignbank.com, Investor Relations, Events & Webcasts.

    Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent
company of Sovereign Bank, a financial institution with principal markets
in the Northeastern United States. Sovereign Bank has 750 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. For more information on Sovereign Bank,
visit http://www.sovereignbank.com or call 1-877-SOV-BANK.



SOURCE Sovereign Bancorp, Inc.




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Related links:
  • http://www.sovereignbank.com
    CONTACT:
    FINANCIAL, Kirk Walters, +1-617-346-7346,
    kwalter1@sovereignbank.com, or Stacey Weikel, +1-610-320-8428,
    sweikel@sovereignbank.com; MEDIA, Andrew Gully, +1-617-757-5513,
    agully@sovereignbank.com, or Ellen Molle, +1-617-757-5573,
    emolle@sovereignbank.com, all of Sovereign Bancorp, Inc.