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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 FleetBoston Financial in 1999.
May 19, 2024 · BAC. Share price: $39.7 (mkt close, May. 24, 2024) Market cap: $306.32 bil. Annual revenue: $98.14 bil. Earnings per share (prev. year): $3.31. Sector: Finance. Industry: Banks. CEO: Brian T. Moynihan. Headquarters: Boston. Bank of Boston Corporation, former American bank holding company that was acquired by Fleet Financial Group in 1999.
US$ 12 billion. Number of employees. Approximately 50,000. 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.
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Jul 9, 1996 · Merging Bank of Boston, BayBanks Opt for New Moniker: BankBoston. Discarding a plan to keep separate names for their wholesale and retail operations, Bank of Boston Corp. and BayBanks Inc. will adopt a single name, BankBoston Corp., when they merge at the end of the month.
Mar 15, 1999 · The Wall Street Journal. March 15, 1999 4:29 pm ET. Share. Resize. BOSTON -- Fleet Financial Group Inc. agreed to buy BankBoston Corp. for $16 billion in stock, in a move that would create a...
Oct 1, 1999 · In Brief: Fleet-BankBoston Deal Approved by Mass. October 01, 1999, 1:00 a.m. EDT 1 Min Read. Fleet Financial Group cleared a final hurdle Thursday in its $16 billion acquisition of BankBoston Corp., winning approval from Massachusetts banking regulators. The deal is set to close today.
Details. Headquarters Regions Greater Boston Area, East Coast, New England. Founded Date Feb 7, 1784. Operating Status Active. Company Type For Profit. BankBoston was a bank based in Boston, Massachusetts, which was created by the 1996 merger of Bank of Boston and BayBank.
