Who bought BankBoston?
Bank of Boston Corporation, former American bank holding company that was acquired by Fleet Financial Group in 1999.
What happened to Shawmut?
In the middle of 1991, Shawmut and Bank of Boston Corp. began intense negotiations for a merger that would have created new England’s largest financial institution. After Bank of Boston issued an ultimatum to accept or reject the plan in January 1992, Shawmut called it quits.
What happened to Fleet National Bank?
FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were converted to Bank of America.
What happened Bay Bank?
BankBoston was a bank based in Boston, Massachusetts, which was created by the 1996 merger of Bank of Boston and BayBank. One of its predecessor banks started in 1784, but the merged BankBoston was short-lived, being acquired by Fleet Bank in 1999….BankBoston.
| Industry | Bank holding company |
|---|---|
| Products | Financial services |
Who did Fleet Bank sell to?
Bank of America
Bank of America agreed to buy FleetBoston Financial for $47 billion in stock.
What did Shawmut Bank become?
“The Connecticut National Bank name has served us well over the years,” said Joel B. Alvord, chairman and chief executive officer of Shawmut National Corp. “By adopting the Shawmut name in Connecticut, we are making Shawmut a truly New England name and signaling that the merger of Hartford National Corp.
Who took over Shawmut Bank?
the Fleet Financial Group
In a deal that would create the largest bank in New England, the Fleet Financial Group of Providence, R.I., agreed yesterday to acquire the Shawmut National Corporation of Hartford and Boston for $3.7 billion in stock.
What is Fleet Bank called now?
Fleet’s signs will begin to change to Bank of America’s name during the third quarter; the change is set to be complete by early next year. BofA has 5,700 branches in 29 states.
What happened to South Boston Savings bank?
South Boston Savings Bank was acquired by FleetBoston Financial Group on Jun 28, 1996 .