NEW YORK, Jan. 22 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500 and S&P MidCap 400 after the close of trading on a date to be announced:

    --  S&P MidCap 400 constituent Health Care REIT Inc. (NYSE: HCN) will
        replace Sovereign Bancorp Inc. (NYSE: SOV) in the S&P 500, and
        International Bancshares Corp. (NASD: IBOC) will replace Health Care
        REIT in the S&P MidCap 400.  Sovereign Bancorp is being acquired by
        S&P Global 1200 constituent Banco Santander SA in a transaction that
        is still pending final approvals.

Standard & Poor's will monitor this transaction, and post any relevant updates on its website:

Health Care REIT concentrates primarily on senior housing and health care real estate. Headquartered in Toledo, OH, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.

International Bancshares provides commercial and retail banking services in Texas and Oklahoma. Headquartered in Laredo, TX, the company will be added to the S&P MidCap 400 Regional Banks Sub-Industry index.

Following is a summary of the changes:

                               S&P 500 INDEX - TBA
      ADDED  Health Care REIT       Financials        Specialized REITs
     DELETED Sovereign Bancorp      Financials       Thrifts & Mortgage

                              S&P MIDCAP 400 INDEX - TBA
      ADDED    International          Financials           Regional Banks
     DELETED Health Care REIT         Financials          Specialized REITs

Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit

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SOURCE Standard & Poor's