Sovereign Names Prez/CEO

July 03, 2007, 2:00 p.m. EDT 1 Min Read

Thomas W. Nadeau has been named president and chief executive officer of the mortgage banking and consumer lending divisions of Sovereign Bank.Mr. Nadeau was most recently executive vice president and managing director of the automotive finance and aviation lending groups, and he will retain his managerial responsibilities for those groups, Sovereign said. Since joining Sovereign Bank in 1997, Mr. Nadeau has held various responsibilities, including the establishment of the Structured Real Estate Group, which specializes in lending to real estate investment trusts. He was previously employed by Fleet Bank, BayBanks, and Plymouth Home National Bank. Sovereign Bank, based in Wyomissing, Pa., can be found online at http://www.sovereignbank.com.

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