WYOMISSING, Pa., Nov. 14 /PRNewswire-FirstCall/ -- Sovereign Bank today
announced that its Asset Based Lending Group (ABL) has opened a regional
office in Chicago located at 111 South Wacker Drive. Sovereign has named
Senior Vice President (SVP) Robert L. Heinz as Managing Director of the
Chicago office. Heinz will report to Michael Maiorino, Specialty Lending
Group Director, and will lead an experienced team of four senior banking
professionals.
"Sovereign is excited to have the opportunity to serve clients in the
Midwest through our new location in Chicago," said Maiorino. "Bob and his
team bring invaluable local experience and we look forward to leveraging
that to bring Sovereign's exceptional level of service to companies in the
region seeking asset-based financing."
Heinz brings more than 25 years of asset-based and specialty lending
executive experience to his new position. His team includes Michael W.
Kempel, SVP and Managing Director of Sales; Raymond T. Daly, SVP of
Business Development; and Michelle M. Sadkowy, Vice President and
Relationship Manager.
Sovereign Bank's Asset Based Lending Group is a national provider of
senior asset-based financing to middle-market companies for acquisitions,
leveraged buyouts, working capital growth, recapitalizations, corporate
restructurings and DIP financing.
Contact information for Sovereign's Chicago ABL location:
Fax number -- 312-443-0996
Robert L. Heinz -- 312-596-0466, rheinz@sovereignbank.com
Michael W. Kempel -- 312-596-0467, mkempel@sovereignbank.com
Raymond T. Daly -- 312-596-0475, rdaly@sovereignbank.com
Michelle M. Sadkowy -- 312-596-0474, msadkowy@sovereignbank.com
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 Bancorp, Inc.
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Related links:
http://www.sovereignbank.com
CONTACT:
D.J. Murphy of Sovereign Bank,
+1-617-757-5513, DMurphy1@sovereignbank.com
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