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June 12, 2006

Sovereign adds 100 new jobs in East Providence

Sovereign Bank today announced the addition of 100 new jobs at an existing call center in East Providence.

The new positions will bring Sovereign’s employment in Rhode Island to more than 1,000 following the recent acquisition of Independence Community Bank Corp. of Brooklyn, N.Y.

As part of the $3.6 billion purchase, Sovereign plans to shut down Independence’s two existing call centers and shift the work to Sovereign call centers, including East Providence and a new one in New Bedford.

Call centers are a backbone of the contemporary banking business with Rhode Island a hub for such operations. Sovereign, Citizens Bank and Bank of America all operate major call centers in Rhode Island that each employ hundreds of people.

Sovereign Bancorp of Pennsylvania is the parent company of Sovereign Bank.

Posted by   at 2:59 PM | Permalink

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