Acquisition History / Sovereign Bank / Independence Community Bank
Sovereign Bank Acquires Independence Community Bank
Announced January 2006 — $3.60B
What happened
Independence Community Bank was a company, acquired by Sovereign Bank for $3.6 billion.
- Acquirer
- Sovereign Bank
- Target
- Independence Community Bank
- Announced
- January 2006
- Price
- $3.60B
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Sovereign Bank acquire Independence Community Bank?
Sovereign Bank acquired Independence Community Bank on January 2006. This was Sovereign Bank's 3rd publicly tracked acquisition out of 3 we have on record.
How much did Sovereign Bank pay for Independence Community Bank?
Sovereign Bank paid $3.60B for Independence Community Bank.
What does Independence Community Bank do?
Independence Community Bank was a company, acquired by Sovereign Bank for $3.6 billion.
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$1.10B · 2004