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Sovereign to withdraw from Nasdaq for NYSE.(Sovereign Bancorp, New York Stock Exchange)(Brief Article)
Sovereign Bancorp said it plans to switch from the Nasdaq Stock Market to the New York Stock Exchange next month.
Sovereign, the Wyomissing, Pa.-based holding company for Boston's Sovereign Bank New England, said the transition would be finalized July 10.
John Hamill, president of the bank's New England division, said that with Sovereign branches now stretching from the mid-Atlantic to New England, following last year's acquisition of 281 FleetBoston Financial Corp. branches, the change reflects the institution's new, enhanced status.
"Given that we're a $35 billion organization, we felt it would be appropriate for us to be there, given it's the …
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