Limited-Time Home Equity Special

* To get the FlexLock Home Equity Line of Credit Fixed Introductory APR shown, you must apply between January 23, 2010, and April 2, 2010, must have or open a Sovereign checking account or Premier Money Market Savings account, and use automatic payment from that account. The introductory rate will be in effect only during the first 4 billing cycles after your account is opened, whether or not funds have been advanced from your account during that time. Thereafter, the rate, including the rate on any existing account balance, will convert to the applicable variable "go to" rate described below. To get the FlexLock Home Equity Line of Credit variable "go to" APR shown, you must apply between January 23, 2010, and April 2, 2010, must have or open a Sovereign Premier, Business Owner Premier, or Sovereign Partnership Checking account, or Premier Money Market Savings account, and use automatic payment from the qualifying account. Variable rates on FlexLock Home Equity Lines of Credit are subject to change and may vary monthly based on the latest U.S. Prime Rate as published in the Money Rates section of The Wall Street Journal as of the first business day of the month, plus a margin of .74% for lines of $100,000-$750,000 (currently 3.99% APR), a margin of 1.24% for lines of $25,000-$99,999 (currently 4.49% APR), or a margin of 1.49% for lines of $10,000-$24,999 (currently 4.74% APR). Maximum APR is 18%. Minimum APR is 3.24%. The variable APR on your line may also increase after you obtain credit if automatic payment from the qualifying account is discontinued. All APRs shown assume that your total mortgage loans, including your home equity line of credit, do not exceed 80% of the appraised value of your 1-4 family owner-occupied home located in MA, RI, CT, NH, NJ, PA, DE, or VA. Other rates and terms apply to investment properties. There is a $220 termination fee if you close the line within 30 months. There is a $50 annual fee that is waived if you have a Sovereign Premier, Business Owner Premier, or Sovereign Partnership Checking account. There is a $50 fixed rate lock fee for each lock-in request, which is waived through June 2010. Property insurance is required. Flood insurance may be required. FlexLock account use is subject to the terms of the Sovereign Home Equity Line of Credit Agreement, including terms that permit lines to be suspended, reduced, or terminated in certain circumstances. Maximum line amount is $750,000. If your home is on the market for sale at the time of application, you are not eligible for this offer. May not be combined with any other home equity offer. Rates and other terms accurate as of March 19, 2010, and are subject to change thereafter. Applications subject to credit approval. Offer expires April 2, 2010. Closing on your line of credit must take place by June 30, 2010.

** Check with your tax advisor.

*** Eligibility requirements, terms, conditions, and exclusions apply. Ask for details.

† According to The Banker (December 2009).