January 11, 2008

Sovereign Bank hired Roy Lever as EVP and Managing Director of Retail Banking. Sovereign also announced that Patrick Sullivan, EVP, has been promoted to Managing Director of Commercial Banking. Accoridng to the bank, these are newly-created positions and the appointments are effective immediately.

Lever will oversee all retail banking and marketing activities for the company, including Sovereign's 750 community banking offices across the Northeast. Sullivan will direct all commercial and corporate banking activities for Sovereign.

Both men will report directly to Joseph Campinelli, Sovereign's president and CEO.