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Sovereign Bank to support MGH Cancer Center

Sovereign Bank is gearing up for a formal announcement Wednesday of a new relationship with the cancer center at Massachusetts General Hospital.

Sovereign, which is part of Santander Holdings USA, will provide MGH Cancer Center with more than $1,000,000 in support of the MGH Cancer Center Fellows program, which includes cancer research in labs at MGH, the Massachusetts Institute of Technology, and Harvard University. Sovereign will also support programs that focus on the care and comfort of patients.

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At a Wednesday ceremony at MGH, plans call for remarks from MGH president Peter L. Slavin, MD, and Jorge Moran, Santander US Country Head and Sovereign Bank president and chief executive. Slavin and Moran will then sign a Memorandum of Understanding between Sovereign Bank and MGH.

A few years after acquiring a stake in Sovereign, the Spanish company Banco Santander SA acquired the rest of Sovereign in 2009.

Sovereign, now a division of Santander Holdings USA, operates about 720 branches in the Northeast. Its principal presence is in Connecticut, Delaware, Massachusetts, Maryland, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island. Of that total, 229 branches are in Massachusetts.

Chris Reidy can be reached at
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