Sovereign Bancorp, Inc. ("Sovereign"), parent company of Sovereign Bank, announced today that its Board of Directors declared dividends on Sovereign's Preferred Stock and Capital Trust V Securities. A dividend payment of $0.45625 per depositary share is payable on November 16, 2009 to holders of record on November 1, 2009 for the Sovereign Series C Non-Cumulative Perpetual Preferred Stock (NYSE: SOVPRC). A dividend of $0.484375 is payable on November 16, 2009 to holders of record on November 13, 2009 for the Sovereign Capital Trust V Securities (NYSE: SOVPRB).
About Sovereign Sovereign Bank is a financial institution with principal markets in the Northeastern United States and is a subsidiary of Banco Santander, S.A. Sovereign Bank has 723 branches, over 2,300 ATMs and approximately 9,000 team members. Sovereign Bank offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets and wealth management. Banco Santander, S.A. is an international financial services company based in Madrid, Spain. For more information on Sovereign Bank,
call 1-877-SOV-BANK.Financial ContactsKirk Walters
Office: 617-346-7346
kwalter1@sovereignbank.comAndrew Withers
Office: 617-757-3524
awithers@sovereignbank.comMedia ContactsAndrew Gully
Office: 617-757-5513
agully@sovereignbank.comEllen Molle
Office: 617-757-5573
emolle@sovereignbank.com 
Equal Housing Lender - Member FDIC
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