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Independence Community Bank Corp. to be Acquired by Sovereign Bancorp for $42 per Share.
ByAinvest
Friday, May 23, 2025 10:37 pm ET1min read
Independence Community Bank Corp. will be acquired by Sovereign Bancorp in a cash transaction at $42 per share, totaling $3.6 billion. Independence has $18.5 billion in assets and is a leading community bank in the Metro New York area. Sovereign's President Alan Fishman will become President and COO of Sovereign Bank and Chairman and CEO of Sovereign Bank's Metro New York Market Division.
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