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Sovereign Presenting at Ryan Beck Conference

    PHILADELPHIA, Oct. 21 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc.
("Sovereign") (NYSE: SOV), parent company of Sovereign Bank ("Bank"), today
announced participation in the upcoming Ryan Beck 2004 Financial Institutions
Investor Conference, to be held at the Intercontinental Barclay Hotel in New
York City on October 27, 2004.  Presenting at the conference will be
Jay Sidhu, Chairman and CEO of Sovereign Bancorp, Inc. and Mark McCollom, CFO
of Sovereign Bank.  Sovereign is scheduled to present on Wednesday,
October 27, 2004 from 8:35 a.m. - 8:55 a.m. ET.
    Ryan Beck & Co. is hosting the conference call for the event.  Interested
parties may access Sovereign's presentation conference call by dialing
1-800-236-9788.  A copy of the day's agenda is available on the Ryan Beck
website at http://www.ryanbeck.com.  On the day of the conference, Sovereign's
presentation and an audio cast will be accessible via the Ryan Beck website.
A link to Sovereign's website will also be available on the site.
Questions about accessing the conference call or audio cast should be directed
to Ryan Beck & Co.
    Additionally, a PowerPoint presentation will be made available on
Sovereign's website at: http://www.sovereignbank.com >Investor
Relations>News>Presentations.

    Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent company
of Sovereign Bank, pro forma a $60 billion financial institution with more
than 650 community banking offices, over 1,000 ATMs and approximately 9,500
team members in Connecticut, Maryland, Massachusetts, New Hampshire, New
Jersey, New York, Pennsylvania and Rhode Island.  In addition to full-service
retail banking, Sovereign offers a broad array of financial services and
products including business and corporate banking, cash management, capital
markets, trust and wealth management and insurance.  Pro forma for pending
acquisitions, 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 Bancorp, Inc.




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Related links:
  • http://www.sovereignbank.com
    CONTACT:
    FINANCIAL: Jim Hogan, +1-610-320-8496, or
    jhogan@sovereignbank.com, or Mark McCollom, +1-610-208-6426, or
    mmccollo@sovereignbank.com, or Stacey Weikel, +1-610-208-6112, or
    sweikel@sovereignbank.com; or MEDIA: Ed Shultz, +1-610-378-6159,
    or eshultz1@sovereignbank.com, all of Sovereign Bancorp