SOVEREIGN BANCORP INC
15-12G, 1997-10-01
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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               SECURITIES AND EXCHANGE COMMISSION

                      Washington, DC  20549

                             FORM 15

Certification and Notice of Termination of Registration
under Section 12(g) of the Securities Exchange Act of 1934
or Suspension of Duty to File Reports Under Sections 13 
and 15(d) of the Securities Exchange Act of 1934.


                 Commission File Number 0-18187

                          Bankers Corp.
     (Exact name of registrant as specified in its charter)

        210 Smith Street, Perth Amboy, New Jersey  08861
                         (908) 442-4100
      (Address, including zip code, and telephone number, 
including area code, of registrant's principal executive offices)

             Common Stock, par value $0.01 per share
    (Title of each class of securities covered by this Form)

                              None                             
 (Titles of all other classes of securities for which a duty to
       file reports under section 13(a) or 15(d) remains)

     Please place an X in the box(es) to designate the
appropriate rule provision(s) relied upon to terminate or suspend
the duty to file reports:

        Rule 12g-4(a)(1)(i)  [ x ]      Rule 12h-3(b)(1)(ii) [  ]
        Rule 12g-4(a)(1)(ii) [   ]      Rule 12h-3(b)(2)(i)  [  ]
        Rule 12g-4(a)(2)(i)  [   ]      Rule 12h-3(b)(2)(ii) [  ]
        Rule 12g-4(a)(2)(ii) [   ]      Rule 15d-6           [  ]
        Rule 12h-3(b)(1)(i)  [   ]

     Approximate number of holders of record as of the
certification or notice date:

        None        

     Pursuant to the requirements of the Securities Exchange Act
of 1934, Sovereign Bancorp, Inc., as successor by merger to
Bankers Corp., has caused this certification/notice to be signed
on its behalf by the undersigned duly authorized person.

DATE:  October 1, 1997        BY: /s/ Mark R. McCollom       
                                   Mark R. McCollom,
                                   Senior Vice President



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