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CoreStates Financial Corporation, previously known as Philadelphia National Bank (PNB), was an American bank holding company in the Philadelphia, Pennsylvania, metropolitan area. The bank was renamed in the mid-1980s after a series of mergers.
The proposed merger would make Punjab National Bank [20] the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$210 billion) and 11,437 branches. [3] [21] The Union Cabinet approved the merger on 4 March 2020. PNB announced that its board had approved the merger ratios the next day.
Commerce Union Bank Sovran Financial Corp. Bank of America: 1987 NBD Bancorp: State National Corporation: NBD Bancorp: $103 million JPMorgan Chase: 1987 U.S. Bancorp: Peoples National Bank of Washington U.S. Bancorp: U.S. Bancorp: 1987 First Union Corp. Atlantic National Bank of Florida First Union Wells Fargo: 1988 Bank of New York: Irving ...
The two banks operate five locations locally between them.
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 proposed merger would make PNB the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$210 billion) and 11,437 branches. [11] [12] MD and CEO of UBI, Ashok Kumar Pradhan, stated that the merged entity would begin functioning from 1 April 2020. [13] [14] The Union Cabinet approved the merger on 4 March ...
The company's logo The former Union Bank logo used from 1996 prior to the 2008 rebranding Former Union Bank logo from December 2008 to November 2017 A branch in Los Angeles. Union Bank was an American national bank with 398 branches in California, Washington, and Oregon.
The Reserve Bank of India assisted the banks in amalgamating to form United Bank of India. [2] In 1961, UBI merged with Cuttack Bank (est. 6 June 1913) and Tezpur Industrial Bank (est. 6 June 1918, as the first commercial bank in Assam province). [3] Four years later, in 1965, the government of Pakistan took over the bank's branches in Pakistan.