Jim Hogan of Sovereign Bancorp Presenting

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Jim Hogan of Sovereign Bancorp Presenting

At the MIT Sloan CFO Summit 2004

Jim Hogan
CFO
Sovereign Bancorp, Inc.

Sovereign Bancorp, Inc. ("Sovereign") (NYSE: SOV), parent company of Sovereign Bank ("Bank"), today announced that Jim Hogan, CFO of Sovereign Bancorp, Inc., will be speaking at the MIT Sloan CFO Summit 2004 (http://www.mitcfo.com). The event, taking place November 19, 2004 at the Newton Marriott in Newton, MA brings together CEOs, CFOs, senior financial leaders and top academics to discuss real world best practices on topics such as globalization, its financial impact, corporate governance, risk management, succession planning, FASB and accounting developments, Sarbanes-Oxley and executive compensation.

A complete agenda and event registration information can be found online at http://www.mitcfo.com.

The Sloan Alumni Club of Boston conducts a full calendar of events focused on Leadership and Executive Management Best Practices. The events promote the MIT philosophy of "mens et manus" or "mind and hands" and involve internationally renowned thought-leaders and practitioners. The annual series of public symposia include the Software Symposium, the Women in Business and Technology Symposium, the CIO Symposium, and the CFO summit. You can visit http://www.mitsloanevents.com for more information.

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