Acquisition History / Sovereign Bank / Seacoast Financial Services Corporation

Sovereign Bank Acquires Seacoast Financial Services Corporation

Announced January 2004 — $1.10B

Sovereign Bank2004

What happened

Seacoast Financial Services Corporation was a company, acquired by Sovereign Bank for $1.1 billion.

Acquirer
Sovereign Bank
Target
Seacoast Financial Services Corporation
Announced
January 2004
Price
$1.10B
Buyer type
Strategic acquirer
Status
Closed

By the numbers

Sovereign Bank's acquisition history
1st of 3 tracked deals
Disclosed prices
3 of 3 Sovereign Bank deals
Sovereign Bank's average disclosed price
$1.89B
Sovereign Bank's largest disclosed deal
Independence Community Bank ($3.60B)
Tracked acquisitions in 2004
69 across all acquirers

Frequently Asked Questions About This Acquisition

When did Sovereign Bank acquire Seacoast Financial Services Corporation?

Sovereign Bank acquired Seacoast Financial Services Corporation on January 2004. This was Sovereign Bank's 1st publicly tracked acquisition out of 3 we have on record.

How much did Sovereign Bank pay for Seacoast Financial Services Corporation?

Sovereign Bank paid $1.10B for Seacoast Financial Services Corporation.

What does Seacoast Financial Services Corporation do?

Seacoast Financial Services Corporation was a company, acquired by Sovereign Bank for $1.1 billion.

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