Sovereign Bank New England, Last Year's New Kid in Town, Celebrates This Year's New Kids in Town.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com BOSTON--(BUSINESS WIRE)--June 14, 2001 Sovereign Bank New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Celebrates its First Anniversary By Giving Every Baby Born on June 19th a $100 U.S. Savings Bond Savings bond A government bond issued in face value denominations from $50 to $10,000, with local and state tax-free interest and semiannually adjusted interest rates. savings bond A nonmarketable security issued by the U.S. Sovereign Bank New England announced today that it will give every baby born on June 19th, 2001 a $100 U.S. Savings Bond to celebrate the bank's first anniversary in the New England Region. All Sovereign community banking offices in Massachusetts, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , Connecticut and New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). will issue the Series EE bonds to commemorate that last year on June 19th they opened their doors for business in Eastern Massachusetts. "Sovereign Bank was the new kid in town last year, so we decided to welcome all the new kids this year by giving them $100 savings bonds. Sovereign cares about our customers and the communities we serve so we wanted to show our appreciation for a great first year," said John Hamill John Hamill is an English actor who was born on May 3, 1947 in Shepherd's Bush, London. He had previously been a bodybuilder and one of England's most popular "physique models" in the late 1960s before turning to acting. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sovereign Bank New England. There are two requirements to be eligible for the $100 U.S. Savings Bond. First, a child must be born on June 19, 2001, Sovereign's first anniversary. Second, the child and parent or guardian must be residents where a Sovereign community banking office is located in Massachusetts, Rhode Island, Connecticut or New Hampshire. Parents or guardians will be required to bring the child's birth certificate to a Sovereign branch in the community where they live to fill out the application for the savings bond. In addition to the savings bond, parents will receive a basket of Sovereign baby items including a bib bib - BibTeX , diaper shirt and rattle. Parents will have six months after the child is born, until December 19, 2001, to obtain the bond and basket. If applicants for the baby bonds have any questions they should contact their local Sovereign Bank branch manager. Sovereign Bank will also have a birthday cake in all branches on June 19, 2001 to share with their customers. Sovereign's first anniversary accomplishments include: --The successful conversion of 279 community banking offices and 550 ATM machines throughout New England from Fleet and BankBoston --Conversion of 1.4 million accounts with $12.3 billion in balances and $3.5 billion in loans --Retention of 99.8 per cent of customers --52,000 new customers with Totally Free Checking --Established two new units: Government Banking and Specialty Banking --Obtained Small Business Association Preferred Lender Program status for New England --Launched a Spanish language Spanish language, member of the Romance group of the Italic subfamily of the Indo-European family of languages (see Romance languages). The official language of Spain and 19 Latin American nations, Spanish is spoken as a first language by about 330 million persons automated banking system, the only one of its kind at a large New England bank Sovereign Bancorp, Inc. ("Sovereign") (NASDAQ/NMS:SVRN), parent company of Sovereign Bank, is a $34 billion financial institution with approximately 527 community banking offices and over 1,000 ATMs in Pennsylvania, New Jersey, Connecticut, New Hampshire, Rhode Island and Massachusetts. Sovereign Bank is currently the third largest bank headquartered in Pennsylvania. For more information on Sovereign Bank, visit www.sovereignbank.com or call 1-877-SOV-BANK or 1-877-768-2265 Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.061401/bb6 |
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