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First Bank System, Inc. (CNB remained unchanged until after merger with U.S. Bancorp) U.S. Bancorp: 1993 Banc One Corp. Valley National Bank of Arizona: Banc One Corp. JPMorgan Chase: 1993 Bank of Boston Corp. South Shore Bank, Mechanics Bank, First Agricultural Bank of Boston Corp. Bank of America: 1993 First Union Corporation: Dominion Bank
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
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...
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] Wells Fargo also acquired First Commerce Bancshares, Inc ...
In 2017, the bank sold the mortgage business acquired from the purchase of AmTrust at a $90 million profit. [18] In March 2010, Desert Hills Bank of Phoenix, Arizona, with $496 million in assets, was seized by the FDIC and acquired by NYCB. [19] [20] In June 2012, NYCB acquired the assets of Aurora Bank from Lehman Brothers. [21]
The all-stock deal by New York Community Bancorp Inc. was first announced in April 2021 and originally supposed to close late last year.
U.S. Bancorp is the bank holding company of U.S. Bank, which is the fifth largest bank by assets in the United States. The Minneapolis-based holding company’s most recent acquisition was that of ...
The transaction value was approximately $179 million, and resulted in a bank with approximately $9.0 billion in total assets. In March 2016, Northwest Bank acquired Best Insurance Agency, Inc. [5] On September 9, 2016, the bank acquired 18 branches in Western New York from First Niagara Bank, which was about to be acquired by KeyBank.