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Colonial expanded from its base of Alabama to fast-growing regional markets such as Florida, Georgia, Texas, and Nevada. Colonial Bank was the fifth-largest commercial bank in Florida and 27th-largest commercial bank in the USA. Colonial Bank was frequently the target of rumors that it would be acquired by a larger bank.
1 st Colonial National Bank Becomes 1 st Colonial Community Bank. COLLINGSWOOD, N.J.--(BUSINESS WIRE)-- Effective as of the opening of business on November 1, 2012 and following receipt of ...
In August 1994, Firstar announced the pending acquisition of the Chicago-based First Colonial Bankshares Corporation for $314 million in stock. [25] At the time of the announcement, First Colonial was the parent of 17 community banks with a total of 30 locations. The acquisition was completed in February 1995. [26]
First Nationwide Bank California Federal Bank: California Federal Bank: $1.2 billion, 1st Nationwide rebranded as "Cal Fed." Citibank: 1998 NationsBank Corp. Barnett Banks, Inc. NationsBank Corp. Bank of America: 1998 First Union Corporation: CoreStates Financial Corp. Including predecessor Bank of North America, the first bank in the United States
The company was established in 1988 when the State Bank of New South Wales created First State Fund Management as a subsidiary. In 1994, Colonial Mutual acquired the State Bank of New South Wales from the NSW Government, and on 23 September 1996 the merged entity was rebranded as Colonial State Bank, with First State Fund Management being branded as "Colonial First State" (CFS).
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