Acquisition History / Sovereign Bank / Waypoint Bank
Sovereign Bank Acquires Waypoint Bank
Announced January 2005 — $980M
What happened
Waypoint Bank was a company, acquired by Sovereign Bank for $980 million.
- Acquirer
- Sovereign Bank
- Target
- Waypoint Bank
- Announced
- January 2005
- Price
- $980M
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Sovereign Bank acquire Waypoint Bank?
Sovereign Bank acquired Waypoint Bank on January 2005. This was Sovereign Bank's 2nd publicly tracked acquisition out of 3 we have on record.
How much did Sovereign Bank pay for Waypoint Bank?
Sovereign Bank paid $980M for Waypoint Bank.
What does Waypoint Bank do?
Waypoint Bank was a company, acquired by Sovereign Bank for $980 million.
More Sovereign Bank acquisitions
Independence Community Bank
$3.60B · 2006
Seacoast Financial Services Corporation
$1.10B · 2004