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In 1995, the company was acquired by UJB Financial Corporation, who had been doing business as United Jersey Bank. The combined bank continued to do business as Summit Bank after the merger. [3] In 1996, the company acquired B.M.J. Financial Corporation for $164.5 million in stock. [4] In 1997, the company acquired Collective Bancorp. [5] In ...
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
Swiss Bank Corporation: S. G. Warburg & Co. Swiss Bank Corporation: 1995 Dresdner Bank: Kleinwort Benson: Dresdner Kleinwort Benson: 1996 Chemical Bank: Chase Manhattan Bank: Chase Manhattan Bank: 1996 Morgan Stanley: Van Kampen American Capital: Morgan Stanley: 1997 Bankers Trust: Alex. Brown & Sons: Bankers Trust (BT Alex. Brown & Sons) 1997 ...
Commerce Bancshares, Inc. Announces Completion of Its Merger with Summit Bancshares Inc. KANSAS CITY, Mo. & TULSA, Okla.--(BUSINESS WIRE)-- Commerce Bancshares, Inc. (NAS: CBSH) announced today ...
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 ...
As of last June, Provident Bank had 89 branches statewide and $9.8 billion in deposits, making it the eighth-biggest bank in New Jersey when measured by deposits. Lakeland had 68 branches and $8.4 ...
Under his leadership, Patriot National Bank has reported at least 10 quarters of increased earnings. [3] Prior to joining Patriot, Neilson served as president and CEO of Hudson United Bancorp, Inc. and Hudson United Bank from 1989–2006, and was named chairman of the board in 1996. He joined the company in 1983 and served as First Senior Vice ...