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Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. ( Staff study 169 ) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004.
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 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 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 ...
In July 2011, the bank acquired Sterling Bank of Texas for $1.03 billion. [25] [26] The acquisition virtually tripled Comerica's market share in Houston and provided entry into the San Antonio and Kerrville regions. [7] In 2017, the bank announced plans to reduce its office space by 500,000 square feet, saving $7 million in 2018. [27]
On April 26, 2013, CertusBank acquired the assets and deposits of Parkway Bank of Lenoir, North Carolina, which was closed by state regulators. [8] On August 19, 2013, CertusBank announced its intention to make a strategic investment in Monarch Business and Wealth Management, a joint venture between Barry Klarberg and Asset Alliance Corporation ...
The bank was founded in 1888 under the name Provident Bank. It later became a subsidiary of Provident New York Bancorp. [4] On August 10, 2012, the company acquired Gotham Bank of New York, which enabled the company to expand into the New York City marketplace. [5] On October 31, 2013, the company acquired Sterling Bancorp through a merger.
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 ...