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The Lehigh Valley's sixth-largest bank, Sovereign Bank, is changing its name to Santander. The bank rolled out the name change Thursday at branch locations in Wyomissing, where the bank was based nationally before moving to Boston in 2011, as well as in Philadelphia, Boston, New York City and Providence, R.I.
In May 2007 Banco Santander Central Hispano announced that in conjunction with The Royal Bank of Scotland and Fortis it would make an offer for ABN AMRO. BSCH's share of the offer added up to 28% and the offer would have to be made up of a capital increase through a new share issue.y the end of 2010 the two banks merged with Abbey National under the Santander UK brand. In October 2008, the Group announced to acquire 75.65% of Sovereign Bancorp it did not own for approximately US$1.9 billion (â¬1.4 billion).