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In September 1991, Firstar announced the pending acquisition of the Wauwatosa-based Federated Bank for $33 million in cash and stock. [16] In February 1994, Firstar announced the pending acquisition of the Franksville-based First Southeast Banking Corporation with its First Southeast Bank subsidiary for $55.4 million in stock. [17]
The knock out price, this sets the top limit price the underlying equity can reach before the contract is "knocked out" and whatever outstanding shares accumulated prior to that day are settled; Shares per day, this is the maximum number of shares the buyer can "accumulate" per day. The trade day, this is the day the contract was sold/bought.
Later that day, Merrill Lynch was sold to Bank of America for 0.8595 share of Bank of America common stock for each Merrill Lynch common share, or about $50 billion or $29 per share. [ 50 ] [ 51 ] This price represented a 70.1% premium over the September 12 closing price or a 38% premium over Merrill's book value of $21 a share, [ 52 ] but also ...
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 17, 2023
The Office of Biorepositories and Biospecimen Research is a division of the United States National Cancer Institute which was formed in 2005 to promote and develop biobank infrastructure. History [ edit ]
The traditional community banking operations—which extended to 16 states by 1995—counted for only about 37 percent of the total. By year-end 1995, Norwest had total assets of $72.13 billion, making it the 13th largest bank holding company in the nation.
The term "biobank" first appeared in the late 1990s and is a broad term that has evolved in recent years. [1] [2] One definition is "an organized collection of human biological material and associated information stored for one or more research purposes."
Wachovia Corporation began on June 16, 1879, in Winston-Salem, North Carolina, as the Wachovia National Bank. The bank was co-founded by James Alexander Gray and William Lemly. [10] In 1911, the bank merged with Wachovia Loan and Trust Company, "the largest trust company between Baltimore and New Orleans", [11] which had been founded on June 15 ...