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.
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 1988, Fleet m...
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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.
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 1988, Fleet merged with Norstar Bancorp of Albany, New York to form Fleet/Norstar Financial Group. In 1992, company was renamed Fleet Financial Group.
Fleet was already one of the three largest banks in New England, together with Shawmut National 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.
As a result of the merger with Shawmut,...
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