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When did Fleet Bank become Bank of America?
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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; [1] all of its banks and branches were converted to Bank of America.
Oct 27, 2003 · NEW YORK (CNN/Money) - Bank of America agreed to buy FleetBoston Financial for $47 billion in stock Monday, creating a bank with 33 million customers that will be home to nearly one dollar...
Oct. 27, 2003. Bank of America and FleetBoston Financial to Create. Nation s Premier Financial Services Company. Bank of America Corporation and FleetBoston Financial Corporation today announced a definitive agreement to merge, creating the nation s premier financial services company.
Upon completion of the acquisition in October 1999, Fleet became the eighth largest bank in the country, with assets of $190.69 billion. With this culmination of a decade of hyperacquisitiveness, Fleet had taken over, directly or indirectly, eight of the ten biggest banks in New England.
Oct 28, 2003 · Each bank struggled to overcome unexpected losses after its last round of mergers -- Bank of America's approximately $60 billion merger with NationsBank in 1998, and Fleet Financial's combination...
Mar 17, 2004 · FleetBoston Financial Corp. and Bank of America Corp. shareholders approved a $47 billion merger Wednesday that would create the nation's No. 3 bank — and reportedly result in up to 13,000 job...
Oct 27, 2003 · In 1784, Fleet, then known as the Massachusetts Bank, became the first federally chartered bank in the United States. The deal comes less than a month after another Boston institution, John...
