UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q/A
(x) Quarterly report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 for the quarterly period
ended September 30, 1998 or
( ) Transition report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 for the transition period
from .
No. 34-16533
(Commission File Number)
SOVEREIGN BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)
Pennsylvania 23-2453088
(State of Incorporation) (IRS Employer ID Number)
1130 Berkshire Boulevard
Wyomissing, Pennsylvania 19610
(Address of principal executive offices) (Zip Code)
(610) 320-8400
(Registrant's Telephone Number)
N/A
(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
or for such shorter period that the registrant was required to
file such reports) and (2) has been subject to such filing
requirements for the past 90 days. Yes X No ____
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.
Class Outstanding at November 16, 1998
Common Stock (no par value) 159,398,550 shares
PAGE 1
<PAGE>
Item 6. Exhibit and Reports on Form 8-K
(a) Exhibits
Exhibit No. Exhibit
27 Amended Financial Data Schedule
(b) Report on Form 8-K
Current Report on Form 8-K, dated September 10, 1998
(date of earliest event: September 7, 1998) contained
a press release announcing the execution of a
definitive agreement for Sovereign to acquire Peoples
Bancorp, Inc.
PAGE 2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this amendment to report
to be signed on its behalf by the undersigned thereunto duly
authorized.
SOVEREIGN BANCORP, INC.
Date: November 23, 1998 By /s/ Dennis S. Marlo
Dennis S. Marlo
Chief Financial Officer
Date: November 23, 1998 By /s/ Mark R. McCollom
Mark R. McCollom
Chief Accounting Officer
<PAGE 3>
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