Sovereign Bancorp Reviews

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5.0
8 Reviews
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Sovereign Bancorp President & CEO Jorge Moran
Jorge Moran
39 Ratings

8 Employee Reviews

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  1. Auto Finance Collection Specialist

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Collection Specialist in Rocky Hill, CT
    Former Employee - Collection Specialist in Rocky Hill, CT

    I worked at Sovereign Bancorp full-time (more than 10 years)

    Pros

    I previously worked for Sovereign Bank in the Auto Finance Division as a Collection Specialist. Through the many years employed there, we were all like family and helped each other.

    Cons

    When Santander purchased Sovereign Bank, they shut down the Auto Finance Division and laid off 100s of employees.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2. Everyone worked together as a team and got the job done

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Processor in Framingham, MA
    Former Employee - Loan Processor in Framingham, MA

    I worked at Sovereign Bancorp full-time (more than 5 years)

    Pros

    People are great. Pay and benefits excellent. Everyone pitched in to help. Plenty of training and advancement. Morale was very important.

    Cons

    It would have been nice to have a product manual

    Recommends
    No opinion of CEO
  3. 1 person found this helpful

    There is no Sovereign Bank. It was bought by Santander and recently renamed Santander

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Sovereign Bancorp

    Pros

    Santander is one of the world's largest and most successful banks. They are turning The U.S. Operation from a sleepy regional bank into a powerhouse laying the foundation no doubt for an aggressive national operation.

    Cons

    Change provides opportunity but can be hard for the old timers.

    Advice to ManagementAdvice

    You're doing great!

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful

    great for financial advisors

    Former Employee - Financial Advisor in Dorchester, MA
    Former Employee - Financial Advisor in Dorchester, MA

    I worked at Sovereign Bancorp full-time (more than 8 years)

    Pros

    good referral program for financial advisors

    Cons

    bank employees are micro managed

  6. Branch Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Branch Manager in Hartford, CT
    Current Employee - Branch Manager in Hartford, CT

    I have been working at Sovereign Bancorp full-time (more than a year)

    Pros

    Awesome company, very sensitive to employee and customer needs. Working on improving every aspect of the company to ensure a great transition into Santander late 2013. Most of the bad apples are gone and staffing has become more polished, knowledgeable and professional in order to adapt to the changing environment.

    Cons

    working on some system issues, correcting past image issues. some of the former bank employees are still there making it harder for everyone else. soon to be gone hopefully.

    Advice to ManagementAdvice

    continue valuing your internal talent and recognizing employees. need to work on changing staffing models to accomodate sales and service needs.

    Recommends
    Positive Outlook
    Approves of CEO
  7. grea company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Mortgage Development Officer in Lakewood, NJ
    Current Employee - Mortgage Development Officer in Lakewood, NJ

    I have been working at Sovereign Bancorp full-time (more than a year)

    Pros

    people are awesome its a great work enviorement

    Cons

    the low pay is a small con but if you do your work you will get a good payout

    Advice to ManagementAdvice

    you need to micro manage a bit more

    Recommends
    Neutral Outlook
    Approves of CEO
  8. Sov Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Sovereign Bancorp

    Pros

    Good work atmosphere.
    A referral minimum is required, however, it is a more relaxed environment in which active salesmanship is not needed.

    Cons

    It is not as widely recognized in the city of philadelphia like citizens bank or Pnc bank. Undergoing a merger.

    Advice to ManagementAdvice

    A stronger recruitment of college educated trainees and new hires, and recognition and promotion of these individuals already encompassed in the company.

    Recommends
    Approves of CEO
  9. Excellent Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Branch Manager
    Current Employee - Branch Manager

    I have been working at Sovereign Bancorp full-time (more than 3 years)

    Pros

    team oriented, employee concious, lots of growth potential if you work hard

    Cons

    all about sales, but what bank isn't

    Advice to ManagementAdvice

    too micromanaged, too many reports and comference calls

    Recommends
    Positive Outlook
    Approves of CEO

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