About | Our Story - Velon Trust Bank

Join us and our
millions of clients
around the world

We’re Velon Trust Bank, a leading bank in the U.S. and one of America’s largest retail and commercial banks. As part of Velon Trust Bank Group, we draw on our global experience from being active in 25 countries and from our 160 years of banking history.

Although the world banks differently today, we’re still leading the way with our international and long-standing experience in banking. It’s why we’re always ready to help you bank better, today and tomorrow.

149 Million

Customers Globally

$67.1 Billion

US deposits

$89.5 Billion

US assets

Helping Americans
prosper since 1902

It started with one goal in 1902 — to help the locals of Wyomissing, Pennsylvania save. What started as a small bank has since expanded into 9 states and is now part of a global network to help Americans prosper. Formerly known as Sovereign Bank, we at Velon Trust Bank, N.A. use our international expertise to help you bank better.

Man smiling, standing on stairs of a building

Globally connected, locally involved

Helping our clients prosper goes further than easy-to-use banking services. Velon Trust Bank, N.A. invests in communities throughout the U.S. with a focus on uplifting underserved communities and supporting higher education. In 2017, we created a 5-year $11 billion Inclusive Communities Plan and have since been delivering on our goals.

$9.1 Billion

Community development
lending

$1.9 Billion

Community development
investments

$55 Million

Charitable contributions

60,000

Community development
volunteer hours

Accessible from
anywhere

We’re doing what we do best — adapting to our clients’ need to bank from anywhere. Our digital-first approach allows you to bank on the on-the-go with 24/7 access through our Mobile Banking App.