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Sovereign Bank® Donates $20,000 to Jersey Shore Hospital

Wyomissing, Pa. (Aug. 4, 2006) – Sovereign Bank® recently announced its continued support for the Jersey Shore community with a grant of $20,000 to the Jersey Shore Hospital.

The grant will used toward the hospital’s acquisition of digital radiology equipment that is designed to work with their teleradiology and archival systems.

The contribution and support from Sovereign Bank will greatly assist us in this capital project and enhance our ability to continue our healthcare mission in Lycoming and Clinton counties. On behalf of the Board of Directors, Medical Staff and entire hospital family, we are very thankful for their support and dedication to our efforts, stated Lou Ditzel, President & CEO of Jersey Shore Hospital.

This fall the Hospital will embark on a $15 million building project consisting of a new two-story, patient care facility, along with renovations that will support certain outpatient services and a clinical lab. The new facility will provide over 45,000 square feet of modern, efficient patient care space, including a new emergency department, diagnostic radiology, surgical suites, private inpatient rooms, and state-of-the-art technology. Jersey Shore Hospital is nearing the celebration of its 100th birthday and is a member of the Susquehanna Valley Rural Health Partnership. The Hospital provides 24/7 emergency services, critical care, inpatient acute and sub-acute care, inpatient and ambulatory surgery, occupational health and rehabilitation, orthopedics and joint replacement, eye surgery, diagnostic radiology and cardiopulmonary services.


Pictured from left are William R. Camerer III, chairman of finance
committee and treasurer of the board, Jersey Shore Hospital;
Robert L. Smith, community banking manager, Sovereign Bank’s Jersey Shore Community Banking Office;
Louis A. Ditzel, Jr., president and chief executive officer, Jersey Shore Hospital;
Paul H. Rooney, Jr., senior vice president and regional president, Sovereign Bank;
Richard G. Berthold, assistant vice president and relationship manager, Sovereign Bank;
and Mark O’Neill, senior vice president and chief financial officer, Jersey Shore Hospital.

Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent company of Sovereign Bank, an $89 billion financial institution with nearly 800 community banking offices, over 2,000 ATMs after giving effect to the recently announced branding agreement in which Sovereign ATMs will be placed in CVS/pharmacy locations and approximately 12,000 team members with principal markets in the Northeast United States. Sovereign offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets, wealth management and insurance. Sovereign is the 17th largest banking institution in the United States. For more information on Sovereign Bank, visit http://www.sovereignbank.com or call 1-877-SOV-BANK.


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