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Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176) Institute of Mergers, Acquisitions and Alliances (MANDA) M&A An academic research institute on mergers & acquisitions, including bank mergers
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
The firm's early history can be traced to 1891, operating under the second-oldest banking charter granted in 1863 following the passage of the National Bank Act. Since inception dozens of regional mergers and acquisitions throughout the Upper Midwest and Western United States led to the creation of modern U.S. Bancorp. As a diversified holding ...
The acquisition pace picked up in 2000, with Wells Fargo expanding its retail banking into two more states: Michigan, through the buyout of Michigan Financial Corporation ($975 million in assets), and Alaska, through the purchase of National Bank of Alaska, with $3 billion of assets. [1]
In March 1987, First Wisconsin announced the pending acquisition of the Northbrook-based North Shore Bancorp Inc. with its Bank of the North Shore subsidiary for $6.16 million. [22] In August 1992, Firstar announced the pending acquisition of the Deerfield-based DSB Corporation with its Deerfield State Bank subsidiary for an undisclosed amount ...
The Sumitomo Bank [121] [122] The Sakura Bank: 45.5 83.2 16 1999 Qwest Communications [123] US West: 44.0 80.5 17 1998 Hoechst AG [124] Rhône-Poulenc: 43.0 80.4 18 1999 Royal Bank of Scotland Group [125] National Westminster Bank plc: 42.5 77.7 19 1999 Fuji Bank [126] [121] Dai-Ichi Kangyo Bank Industrial Bank of Japan: 40.1 73.3 20 1997 ...
First Union bought the Newark, N.J., bank for $5.4 billion — the biggest U.S. bank acquisition at the time. In 1997, the dealmaker bragged about the technique he used to buy Signet Banking Corp ...
In 1980, Farmers & Merchants Bank, Milford Center and The First National Bank of Burton merged with Huntington Bancshares. [14] In 1981, the bank acquired Alexandria Bank Company and renamed it The Huntington State Bank, with a loan production office opening in Cincinnati. In 1982, the bank merged with the Reeves Banking and Trust Company. [14]