_________________________________________________________________
_________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 13, 1995
SOVEREIGN BANCORP, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania 0-16533 23-2453088
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Ident. No.)
1130 Berkshire Boulevard, Wyomissing, Pennsylvania 19610
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (610) 320-8400
N/A
(Former name or former address, if changed since last report.)
_________________________________________________________________
_________________________________________________________________
<PAGE>
Item 5. Other Evens.
The press release of Sovereign Bancorp, Inc. dated July 13,
1995, announcing expected earnings for the second quarter of
1995, is attached as Exhibit 99 hereto and is incorporated herein
by reference.
Item 7. Financial Statements and Exhibits.
(a) Exhibits.
The following exhibits are filed herewith:
99 Press Release, dated July 13, 1995, of Sovereign
Bancorp, Inc.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
SOVEREIGN BANCORP, INC.
Dated: July 13, 1995
By/s/ Karl D. Gerhart
Karl D. Gerhart
Chief Financial Officer and
Treasurer
<PAGE>
EXHIBIT INDEX
Page Number
In Manually
Signed
Exhibit Number Original
99 Press Release, dated July 13, 1995,
of Sovereign Bancorp, Inc.
EXHIBIT 99
DATE: July 13, 1995
FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION CONTACT:
Jay S. Sidhu (610) 320-8415
Richard A. Elko (610) 320-8434
Linda Hagginbottom (610) 320-8498
SOVEREIGN EXPECTS
2ND QUARTER NET INCOME
TO BE UP ABOUT 20%
WYOMISSING, PA., Sovereign Bancorp, Inc. (NASDAQ-NMS-
SVRN), parent company of Sovereign Bank, FSB ("Sovereign").
Today, Sovereign's President and Chief Executive Officer, Jay S.
Sidhu, stated that he expects Sovereign's earnings for the 2nd
Quarter of 1995 to be slightly over $14 million, which is
consistent with analysts' estimates. "Based on preliminary
figures, Sovereign expects 1995 2nd Quarter Net Income of
approximately $14 million, up over 20% from the 2nd Quarter of
1994," Sidhu stated. Earnings per share are expected to be
$0.26.
Sovereign is a $7.0 billion holding company for
Sovereign Bank, FSB with its network of 119 Community Banking
Offices throughout eastern Pennsylvania, New Jersey and northern
Delaware. Sovereign expects to release detailed 2nd Quarter
results next week.
Sovereign stock closed at $10.125 on Wednesday,
July 12, 1995.
THE END