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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) April 20, 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.)
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Item 5. Other Events.
The press release, dated April 20, 1995, of Sovereign,
regarding an offering of convertible preferred stock is attached
hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits.
(a) No financial statements of businesses acquired are
required.
(b) No pro forma financial information is required.
(c) Exhibits.
The following exhibits are filed herewith:
99.1 Press Release, dated April 20, 1995, of Sovereign
Bancorp, Inc.
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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: April 20, 1995
By /s/ Jay S. Sidhu
Jay S. Sidhu
President and Chief Executive
Officer
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EXHIBIT INDEX
Page Number
In Manually
Signed
Exhibit Number Original
99.1 Press Release, dated April 20,
1995, of Sovereign Bancorp, Inc.
DATE: April 20, 1995
FOR IMMEDIATE RELEASE
SOVEREIGN FOR FURTHER INFORMATION CONTACT:
BANCORP Jay S. Sidhu (610) 320-8416
Karl D. Gerhart (610) 320-8437
Richard A. Elko (610) 320-8434
EXHIBIT 99.1
SOVEREIGN BANCORP
CAPITAL STOCK OFFERING
WYOMISSING, PA... Sovereign Bancorp, Inc. (NASDAQ-NMS-SVRN)
("Sovereign"), headquartered in Wyomissing, PA, today announced
that it expects to draw on its shelf registration statement to
offer for sale $75 million of convertible preferred stock. The
offering will be made through an underwriting syndicate
co-managed by Merrill Lynch & Co., Salomon Brothers Inc and Smith
Barney Inc. The offering will commence on or about April 21,
1995.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy these securities. Such
offering will be made only by means of a prospectus. A
prospectus may be obtained from the managing underwriters.
THE END
