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Sovereign Presenting at Merrill Lynch Conference

    PHILADELPHIA, Nov. 10 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc.
("Sovereign") (NYSE: SOV), parent company of Sovereign Bank ("Bank"), today
announced participation in the upcoming Merrill Lynch Banking & Financial
Services Investor Conference, to be held at the St. Regis Hotel in New York
City on November 15, 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 Monday, November 15,
2004 from 8:50 a.m. - 9:35 a.m. ET.
    Merrill Lynch is hosting the conference webcast.  Interested parties may
access Sovereign's presentation at:
http://w.on24.com/r.htm?e=9022&s=12&k=5285E6361CD59ABC51A898FAF1152B4A&present
er=sovereignba.
    Registration is required prior to accessing any of the webcasts.  The
audio presentation link will be live just prior to the start of Sovereign's
presentation.  The webcast replay will be available for on-demand use within
24 hours after the presentation and active for 14 days following.  Conference
information is available on the Merrill Lynch website at
http://www.events.ml.com.  Questions about accessing the webcast should be
directed to Merrill Lynch.
    A PowerPoint presentation will be made available on Sovereign's website
at: http://www.sovereignbank.com >Investor Relations>News>Presentations, along
with a link to the Merrill Lynch webcast.

    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