Sovereign Bancorp, Wyomissing, Pa., said Dennis S. Marlo, president of the retail division of its Sovereign Bank, will also become chief financial officer and treasurer of the parent company next month.

He will succeed Karl D. Gerhart, who is resigning as of May 18 for personal and family reasons, the company said.

Mr. Marlo came to Sovereign in February, when it bought ML Bancorp, Philadelphia, and its Main Line Bank; he was their chairman, president, and chief executive.

Sovereign has branches in Pennsylvania, Delaware, and Southern New Jersey.

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