Sovereign Bancorp (SOV) Director Buys 35K Shares

May 16, 2008 12:05 PM EDT

Sovereign Bancorp Inc. (NYSE: SOV) Director, William Moran, bought 35,000 shares on 5/16 at $8, bringing his stake to 41,235 shares.

In addition, Director Michale Ehlerman bought 15,000 share and Director Andrew Hove bought 10,000 shares.

Sovereign currently trades at $8.05/share, just above 52-week low levels of $6.48.

Sovereign Bancorp, Inc. operates as the holding company for Sovereign Bank that provides commercial banking services in the United States.


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