Sovereign Bank considers the Latino community in Rhode Island a key to future economic growth in the state. The bank can be very helpful by targeting capital and providing specialized services that will give the Latino community a boost toward financial success.
More Quotes from Jay Sidhu:
We're not getting into new businesses that we don't understand.Jay Sidhu
We have taken away their ability to do a hostile deal. They are restricted in making an offer for the rest of Sovereign.
Jay Sidhu
We are delighted to have these disputes resolved and put behind us. Sovereign has a proven track record of creating more than a 200 increase in shareholder value over the last ten years, and our board, including Ralph Whitworth, our other new director and the Santander and Independence Community Bank representatives, will work together to continue to deliver superior value going forward.
Jay Sidhu
Due to the prolonged flatness to slight inversion in the yield curve, the company is focused on stabilizing our net interest margin, controlling expense growth and maximizing generation of capital. We are disappointed that operatingcash earnings per share were lower than a year ago, but are hopeful this trend will change by the second half of 2006.
Jay Sidhu
We think 2006 is going to be a good year. It's not going to be a dynamite year, but it's going to be a good year.
Jay Sidhu
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