Sovereign Community Bank

Status:Inactive as of 03/31/1997
 Absorption - Without Assistance
Successor Bank:Santander Bank, N.A.
Headquarters:Sovereign Community Bank
521 Park Avenue
Freehold, NJ 07728
Established:08/29/1988
FDIC Insurance:08/09/1989
FDIC Cert:#27323
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$232,689,000
Total Deposits:$217,058,000

History

1988-08-29Institution established: Original name:Colonial State Bank
1995-11-15Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to OFFICE OF THRIFT SUPERVISION
1995-11-15Changed organization type to STOCK SAVINGS BANK
1995-11-15Reorganized.
1995-11-15Changed name to Colonial Bank for Savings, a Federal Savings Bank
1996-04-01Changed name to Sovereign Community Bank
1997-03-31Merged into and subsequently operated as part of Sovereign Bank (29950) in WYOMISSING, PA
1997-08-30Acquired Bankers Savings (12029) in PERTH AMBOY, NJ
1998-03-01Acquired Main Line Bank (29628) in VILLANOVA, PA
1998-07-31Acquired Carnegie Bank, National Association (27194) in LANGHORNE, PA
1998-07-31Acquired First Home Savings Bank, F.S.B. (31771) in PENNSVILLE, NJ
1999-06-30Acquired Trenton Savings Bank FSB (12009) in LAWRENCEVILLE, NJ
1999-06-30Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2002-03-08Acquired Main Street Bank (27104) in READING, PA
2002-05-03Acquired Sovereign Trust Company (33208) in MANCHESTER TOWNSHIP, NJ
2004-02-06Acquired First Essex Bank (90219) in LAWRENCE, MA
2004-07-23Acquired Compass Bank for Savings (23291) in NEW BEDFORD, MA
2004-07-23Acquired Nantucket Bank (22055) in NANTUCKET, MA
2005-02-11Acquired Waypoint Bank (30174) in HARRISBURG, PA
2006-09-09Acquired Independence Community Bank (16018) in BROOKLYN, NY
2011-06-20Moved bank headquarters from FREEHOLD, NJ to WILMINGTON, DE
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2012-01-26Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2012-01-26Changed organization type to COMMERCIAL BANK
2012-01-26Changed name to Sovereign Bank, National Association (29950)
2013-10-17Changed name to Santander Bank, N.A. (29950)

Financial Information (1996-12-31 and Older)