EXHIBIT 21
SOVEREIGN BANCORP, INC.
Direct and Indirect Subsidiaries of Sovereign Bancorp, Inc. at December 31, 2008.
| Subsidiary | State or other jurisdiction of Incorporation | |
| Sovereign Bank | United States of America | |
| 195 Montague Street LP | New York | |
| 1130 Abstract, Inc. | Pennsylvania | |
| 201 Associates, Inc | Delaware | |
| 70 Quincy Avenue, LLC | Delaware | |
| Beacon Abstract, LP | Pennsylvania | |
| Capital Street LP | Cayman Islands | |
| Capital Street SA | Luxembourg | |
| CBL Service Corporation | Pennsylvania | |
| Compass REIT Corp | Massachusetts | |
| Compass REIT Holding, Inc. | Delaware | |
| First Essex Capital, Inc. | Massachusetts | |
| First Essex Securities Corp | Massachusetts | |
| ICM Capital LLC | New York | |
| Independence Community Bank Corp. | New York | |
| Independence Community Commercial Reinvestment Corp. | Delaware | |
| Independence Community Insurance Agency, Inc. | New York | |
| Independence Community Investment Corp. | Delaware | |
| Independence Community Realty Corp. | New York | |
| Meridian Capital Group LLC | New York | |
| PBE Companies, LLC | Delaware | |
| PIA Holdings, LLC | Florida | |
| SIB Mortgage Corp. | New Jersey | |
| SOV APEX Co. | Delaware | |
| SOV Charter Limited | UK (England & Wales) | |
| Sovereign Agency Massachusetts, LLC | Massachusetts | |
| Sovereign Auto 2001-A LLC | Delaware | |
| Sovereign Auto Finance 2001-A LLC | Delaware | |
| Sovereign Benefits Consulting, Inc. | Pennsylvania | |
| Sovereign Commercial Finance Company LLC | Delaware | |
| Sovereign Community Development Company | Delaware | |
| Sovereign Dealer Finance Inc. | Delaware | |
| Sovereign Dealer Floor Plan Master LLC | Delaware | |
| Sovereign Delaware Investment Corporation | Delaware | |
| Sovereign Leasing LLC | Delaware | |
| Sovereign LMI, Inc. | Rhode Island | |
| Sovereign Precious Metals, LLC | Pennsylvania | |
| Sovereign Real Estate Investment Trust | Delaware | |
| Sovereign REIT Holdings, Inc. | Delaware | |
| Sovereign Securities Corporation, LLC | Pennsylvania | |
| Sovereign SFG, Inc. | Delaware | |
| Sovereign Trade Services (HK) Limited | Hong Kong | |
| STA, Inc. | Delaware | |
| Waypoint Brokerage Services, Inc. | Pennsylvania | |
| Waypoint Insurance Group, Inc. | Pennsylvania | |
| Waypoint Settlement Services, LLC | Pennsylvania | |
| Wiljo Development Corp. | New York |