You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

A second act, banker style, for former Sovereign CEO

They say there are no second acts in American lives. Except in Massachusetts banking.

Jay Sidhu, pushed out as chief executive of Sovereign Bancorp in 2006, could be making a New England comeback as the Pennsylvania bank he now leads agreed this week to buy two bank branches — one in Boston and one in Providence. Sidhu, credited with building Sovereign into one of the nation’s biggest regional banks, said he plans to expand the New England presence of his new company, Customers Bank of Wyomissing, Pa., into a $1 billion operation with up to 15 branches.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week