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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; all of its banks and branches were given the Bank of America logo. Image File history File links No higher resolution available. ...
A public company usually refers to a company which is permitted to offer its securities (stock, bonds, etc. ...
Nickname: City on the Hill, Beantown, The Hub (of the Universe)1, Athens of America, The Cradle of Revolution, Puritan City, Americas Walking City Location in Massachusetts, USA Counties Suffolk County Mayor Thomas M. Menino(D) Area - City 232. ...
Official language(s) English Capital Boston Largest city Boston Area Ranked 44th - Total 10,555 sq mi (27,360 km²) - Width 183 miles (295 km) - Length 113 miles (182 km) - % water 13. ...
Finance and Insurance is an industry group that mainly handles the transfer of paper and money, financial assets. These include: Accounting, Asset Management, Electronic Communications Networks, Financial Services Regulatory Agencies, Investment Banking Investment Firms, Investment Funds, Lending, Outsourced Financial Products & Services Marketing, Securities Brokers & Traders, Stock Exchanges, Trade Facilitation, and...
Financial services is a term used to refer to the services provided by the finance industry. ...
Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ...
ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ...
For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ...
A website (alternatively, Web site) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible via HTTP, a...
Nickname: City on the Hill, Beantown, The Hub (of the Universe)1, Athens of America, The Cradle of Revolution, Puritan City, Americas Walking City Location in Massachusetts, USA Counties Suffolk County Mayor Thomas M. Menino(D) Area - City 232. ...
Official language(s) English Capital Boston Largest city Boston Area Ranked 44th - Total 10,555 sq mi (27,360 km²) - Width 183 miles (295 km) - Length 113 miles (182 km) - % water 13. ...
“Banker†redirects here. ...
Year 1999 (MCMXCIX) was a common year starting on Friday (link will display full 1999 Gregorian calendar). ...
FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. ...
BankBoston was a bank based in Boston, Massachusetts, created by the 1996 merger of BayBank and Bank of Boston. ...
shelby was here 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...
See also Banc of America Securities, Banc of America Investment Services, Inc. ...
Providence-based Fleet Bank began to acquire banks outside of Rhode Island in the 1980s and early nineties, most notably Norstar Bank of upstate New York in 1988 and Bank of New England in 1991. In 1992, the merged Fleet/Norstar was renamed Fleet Financial Group.
Fleet was already one of the three largest banks in New England, together with Shawmut Bank and Bank of Boston, yet state and federal regulators allowed Fleet to merge with Shawmut in 1995, creating a major regional bank that held 30% of all deposits in New England. Fleet was now the largest bank in New England and the ninth largest in the United States. [1]
As a result of the merger with Shawmut, Fleet acquired the naming rights to the newly built Shawmut Center, a sports arena that was to replace the old Boston Garden. The arena therefore opened as the FleetCenter in 1995. After FleetBoston's sale to Bank of America in 2004, the bank chose to give up its naming rights and an announcement was made on March 3, 2005 that the arena would be renamed TD Banknorth Garden. It is home to the Boston Celtics of the National Basketball Association and the Boston Bruins of the National Hockey League. Naming rights are the right to name a piece of property, either tangible property or an event, usually granted in exchange for financial considerations. ...
Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ...
March 3 is the 62nd day of the year in the Gregorian calendar (63rd in leap years). ...
2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...
TD Banknorth Garden is a sports arena in the North End neighborhood of Boston, Massachusetts. ...
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The Boston Bruins are a professional ice hockey team based in Boston, Massachusetts. ...
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Fleet's biggest merger came in 1999, when it acquired BankBoston, which was itself the fruit of a 1996 merger between Bank of Boston and BayBank. The new FleetBoston was the culmination of a series of Boston-area bank mergers that swallowed all middle-tier banks into a single behemoth. FleetBoston was the seventh-largest bank in the United States, as measured by assets ($197 billion in 2003). It had almost 50,000 employees, over 20 million customers worldwide and revenues of $12 billion per year. The United States dollar is the official currency of the United States. ...
2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...
FleetBoston faced a class-action suit over a "bait-and-switch" scam where it promised a no-annual fee credit card, only to impose a fee months later. [2] When Bank of America acquired Fleet in 2004, its overall Customer Satisfaction Index (as measured by the University of Michigan), was dragged down from 74 to 72. Bank of America devoted considerable resources to improving its New England branches' reputation for customer service, establishing customer call centers and hiring more tellers per branch. [3] See also Banc of America Securities, Banc of America Investment Services, Inc. ...
See also
This is a list of some of the major banking company mergers since 1930 in the U.S. ^ SunTrust to buy National Commerce Financial. ...
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