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Sovereign Bank

NEWS
February 18, 2013 | By Amy S. Rosenberg, Inquirer Staff Writer
A suspected serial robber hit his fifth bank this month, this time taking advantage of Sunday hours at a TD Bank branch in Philadelphia's Roxborough section, according to the FBI. The holdup was the city's sixth in a week and the 15th in barely a month. The FBI reported that at 12:05 p.m. Sunday, the suspect entered the TD bank at 5501 Ridge Ave. and passed a teller a demand note. After receiving an undisclosed amount of cash, he fled on foot and was seen running north on Ridge Avenue, then west on Markle Street.
BUSINESS
February 7, 2013
In the Region   45,000 added to N.J. care program   Horizon Blue Cross Blue Shield of New Jersey added 45,000 members to a program that pays primary-care doctors' practices to take a proactive role in coordinating care, making sure patients get needed tests and follow through on treatment plans. The expansion, which includes nine practices in South Jersey, brings to 200,000 the number of Horizon members in the model known as the patient-centered medical home. Horizon said the program has improved diabetes control and boosted the rate of breast and cervical cancer screenings.
NEWS
May 31, 2012 | Mari Schaefer
A Delaware County man was arrested Wednesday after authorities said he robbed a bank in his neighborhood twice and used the money to pay property taxes, put new windows in his house, and fund a trip to Atlantic City. David Federowicz, 39, of Marcus Hook, was arrested without incident, District Attorney Jack Whelan said in a statement. He was charged with robbery, theft, and receiving stolen property. According to court documents, Federowicz robbed the Sovereign Bank in Marcus Hook in January and September 2011, stealing more than $14,000.
NEWS
March 17, 2012
A man wanted for a Main Line bank robbery has been arrested after a standoff with police in Virginia, officials said Friday. Michael Francis Hamilton was hospitalized for an overdose after surrendering to police in Fredericksburg, according to the Free Lance-Star newspaper. Hamilton, 25, had been sought in the robbery Tuesday of the Sovereign Bank on Aldwyn Lane in Radnor Township. Radnor police confirmed that Hamilton, a native of West Norriton Township, had been arrested in Fredericksburg after a standoff with police at a motel.
NEWS
January 19, 2012 | Staff Report
Police are looking for a man who staged stickups at two banks two blocks apart in Southwest Philadelphia this morning. It is not clear yet if the thief made off with any money from the M&T Bank branch at 6301 Woodland Ave. or the Sovereign Bank branch at 6500 Woodland Ave. Police are using a photo taken from surveillance video in their hunt for the bandit.
NEWS
November 14, 2011
Sovereign Bank, which has 70 branches in the Philadelphia region, said it received regulatory approval to convert from a savings bank to a national bank. The Boston-based bank, which used to be headquartered near Reading, is a subsidiary of Spain's Banco Santander S.A. Sovereign said the change would allow it to conduct more business with large corporations. Traditionally, savings banks have emphasized residential real estate lending. - Harold Brubaker
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