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Barnett Bank was an American bank based in Florida. Founded in 1877, it eventually became the largest commercial bank in Florida with over 600 offices and $41.2 billion in deposits. Barnett was purchased by NationsBank in 1997.
Puget Sound National Bank Keycorp KeyBank: 1992 Barnett Banks, Inc. First Florida Bank Barnett Banks, Inc. Bank of America: 1992 Comerica, Inc. Manufacturers Bank Comerica Comerica: 1992 NBD Bancorp: INB Financial Corp. NBD Bancorp: $876 million [27] JPMorgan Chase: 1992 Chemical Bank: Manufacturers Hanover Trust Company: Chemical Bank ...
The combined bank became the largest in the American South, with assets of $225 billion, and 2,600 branches stretching from North Carolina to New Mexico. [citation needed] The following year, NationsBank acquired Florida's largest bank, Jacksonville-based Barnett Bank, for $15.5 billion, increasing the company's total assets to $284 billion.
Date. Acquiring bank. Acquired bank. Purchase price. Sept. 30, 1998. Bank of America. NationsBank. $62 billion. July 1, 2004. J.P. Morgan Chase. Bank One. $58 billion
Hugh L. McColl Jr. (born 18 June 1935) is a former business executive who was the CEO of NationsBank [1] and the former chairman and the first CEO of Bank of America.Active in banking since around 1960, McColl was a driving force behind consolidating a series of progressively larger, mostly Southern banks, thrifts and financial institutions into a super-regional banking force, "the first ocean ...
The two banks operate five locations locally between them.
Even a second Trump administration could look different, Barnett said, because the DOJ and FTC repealed vertical merger guidelines drafted under the Trump administration and replaced them with a ...
A bank holding company was begun after the stock market crash in 1929, and Barnett National Securities Corporation purchased and reopened several failed banks. The day before a bank holiday on March 5, 1933, Barnett expected a bank run. To prevent this, Bion directed the bank's personnel to pull all small denomination bills from the vault, and ...