Jay Sidhu Resolved Quotations

We are delighted to have these disputes resolved and put behind us. Sovereign has a proven track record of creating more than a 200% increase in shareholder value over the last ten years, and our board, including Ralph Whitworth, our other new director and the Santander and Independence Community Bank representatives, will work together to continue to deliver superior value going forward.

We are delighted to have these disputes resolved and put behind us.