NEW YORK, Nov. 7 /PRNewswire-FirstCall/ -- Sovereign Bank Executive
Vice President Jasbir Chopra has been named Managing Director of Business
Banking for Sovereign's Metro NY-NJ Division.
"This new position reflects the bank's expanded commitment to the
region's business community," said Metro Division Chairman & CEO Brendan J.
Dugan. "Under Jasbir's leadership this initiative will result in new and
improved products and services for emerging companies as Jasbir Chopra
applies his 30 years of diverse commercial banking experience."
Chopra said, "Providing the region's businesses with a focused blend of
retail and commercial banking products will enable us to provide better
resources for the growth of the region's promising companies and talented
entrepreneurs."
Chopra, who will continue to serve as Chief Administrative Officer for
the Metro NY-NJ Division, became part of Sovereign when the bank acquired
Independence Community Bank, which he had joined in 2004.
Previously, he was Executive Vice President for the Commercial Markets
Group at Citibank (and formerly EAB) where he formulated the strategic
direction, organizational structure and business plans for launching new
initiatives for small and middle-market business. Prior to this he was with
Fleet and NatWest Bank where he was Head of the International Division. He
started his banking career in 1978 as a trainee with National Bank of North
America in New York.
A resident of Syosset, N.Y., Chopra graduated from City College School
of Engineering and received his M.B.A. in International Business from
CUNY's Baruch College.
About Sovereign
Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent
company of Sovereign Bank, a financial institution with $87 billion in
assets as of Sept. 30, 2007 with principal markets in the Northeast 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. 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.
SOURCE Sovereign Bank
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Related links:
http://www.sovereignbank.com
CONTACT:
Mike Armstrong of Sovereign Bank Metro NY/NJ
Div., +1-347-563-9251, or +1-917-279-8437,
Marmstro@sovereignbank.com, or Ellen Molle of Sovereign Bank,
+1-617-757-5573, EMolle@Sovereignbank.com
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