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Non-Tech : Sovereign Bancorp ( SVRN )

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To: William A. Eydler who wrote ()	9/7/1999 8:09:00 AM
From: Paul Lee	Read Replies (2) of 143

Sovereign Bancorp to Acquire 278 Branches from Fleet and BankBoston - Creates Boston-Based Sovereign Bank New England, Third Largest Commercial Banking Franchise in Region - - Includes Associated Small Business and Middle Market Lending Relationships - - Completes Sovereign's Transformation to Super-Regional Commercial Bank, With Presence from Philadelphia to Boston - - Helps Fleet and BankBoston Meet Regulatory Requirement to Complete Pending Merger - - Immediately Accretive to Sovereign Earnings - - More Than 3,500 Fleet and BankBoston Jobs to be Retained by Sovereign - see news for more details

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