Boston-based Sovereign Bank is adopting the corporate identity of its global banking giant parent, Santander, according to the Boston Globe.
Banco Santander, based in Spain, bought Sovereign in 2009 and plans to make the name replacement as early as next year.
Executives told the Globe the name change is part of a broader strategy for Spanish banking giant Santander to become a truly global brand.
Sovereign has nearly $77 billion in assets and 723 branches in nine states.
