Sovereign Bancorp, a $14.2 billion-asset thrift holding company, announced an acquisition in New Jersey Friday, its second in a week.

Sovereign said it would pay $85 million in stock for First Home Bancorp, Pennsville. Last Monday, it announced a $94 million deal for Carnegie Bancorp, Princeton. Both deals are to close in the second quarter.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.