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FleetBoston
FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were converted to Bank of America. History Fleet's oldest predecessor was The Massachusetts Bank founded in 1784. The Massachusetts Bank was the first federally chartered joint-stock owned bank in the United States and only the second bank to receive a charter in the United States. The bank's charter was signed by John Hancock and among its early account holders were such notable figures as Paul Revere, Samuel Adams, John Hancock and Henry Knox. The bank's founders were largely made up of merchants who wanted to use a U.S., rather than British bank to send money abroad. It was first headquartered at the old Manufactory House, near Boston Common. The bank was the only bank in the city of Boston until the Union Bank (later the Bank of New England) was founded in 1792. This bank beca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank was founded in San Francisco. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. One branch of its history stretches back to the U.S.-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking options to Italian immigrants who faced service discrimination. Originally headquartered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BankBoston
BankBoston was a bank based in Boston, Massachusetts, which was created by the 1996 merger of Bank of Boston and BayBank. One of its predecessor banks started in 1784, but the merged BankBoston was short-lived, being acquired by Fleet Bank in 1999. In 2005, FleetBoston was purchased by, and merged into, Bank of America of Charlotte, North Carolina. After the sale of its Latin American branches in 2006, BankBoston currently exists solely as a subsidiary private bank owned by Bank of America. History The history of BankBoston represents the combination of dozens of banks throughout the New England region acquired over the course of more than two centuries. Among its notable predecessors were the Massachusetts Bank, the First National Bank of Boston, the Old Colony Trust Company and BayBank. The Massachusetts Bank Bank of Boston traced its roots back to The Massachusetts Bank founded in 1784. The Massachusetts Bank was the first federally chartered joint-stock owned bank in the Uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suretrade
SURETRADE was a stockbroker firm with an electronic trading platform created in 1997. It was headquartered in Lincoln, Rhode Island. It was acquired by FleetBoston Financial's Quick & Reilly in 2001, at which time the firm had over 350,000 customers and nearly $2 billion in assets. History The company was founded in 1997 as a division of Quick & Reilly by Donato A. Montanaro. Quick & Reilly was acquired by FleetBoston Financial in 1998. In early 1999, FleetBoston considered an initial public offering for the unit but plans were scrapped in October 1999 after the dot-com bubble started to crash. In an October 1999 Fortune (magazine) ''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The ... article, Montanaro claimed that Suretrade was rated the #1 broker for aggressive traders and #2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Summit Bancorp
Summit Bancorp was a bank based in Summit, New Jersey, that operated in New Jersey, Pennsylvania, and Connecticut. In 2001, it was acquired by FleetBoston Financial. History The bank was organized in 1899. In 1968, the bank organized a Pennsylvania entity. In 1994, the company acquired the Bankers Corporation and the Crestmont Financial Corporation. In 1995, the company was acquired by UJB Financial Corporation. UJB Financial adopted the Summit Bancorp name. In 1996, the company acquired B.M.J. Financial Corporation for $164.5 million in stock. In 1997, the company acquired Collective Bancorp. In 1998, the company acquired NSS Bancorp and New Canaan Bank and Trust Company. In February 1999, the company acquired Prime Bancorp. In November 1999, the company announced layoffs of 250 people. In 2001, the company was acquired by FleetBoston Financial for $7 billion in stock. As part of the transaction, the company's trust business was sold to The Bank of New York Mellon. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 as of 2020. It is the seat of Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States. Boston is one of the oldest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Brown (Rhode Island Politician)
John Brown I (January 27, 1736September 20, 1803) was an American merchant, statesman and slave trader from Providence, Rhode Island. Together with his brothers Nicholas, Joseph and Moses, John was instrumental in founding Brown University (then known as the College of Rhode Island) and moving it to their family's former estate in Providence. John Brown laid the cornerstone of the university's oldest building in 1770, and he served as its treasurer for 21 years, from 1775 to 1796. Brown was one of the founders of Providence Bank and became its first president in 1791. He was active in the American Revolution, notably as an instigator of the 1772 ''Gaspee'' Affair, and he served in both state and national government. At the same time, he was a powerful defender of slavery, clashing aggressively in newspapers, courts and the political system with his brother Moses, who had become an abolitionist. John Brown's home in Providence is now a museum and National Historic Landmark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Bank
Santander Bank, N. A. (), formerly Sovereign Bank, is a wholly owned subsidiary of the Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States. It has $57.5 billion in deposits, operates about 650 retail banking offices and over 2,000 ATMs, and employs approximately 9,800 people. It offers an array of financial services and products including retail banking, mortgages, corporate banking, cash management, credit card, capital markets, trust and wealth management, and insurance. Sovereign Bank was rebranded as Santander Bank on October 17, 2013; the stadium, arena, and performing arts center for which it has naming rights were also rebranded. History Santander Bank, N.A., was founded on October 8, 1902 as "Sovereign Bank", a savings and loan in Wyomissing, Pennsylvania. The company's earliest customers were largely textile workers. Sovereign expanded rapidly during the savings and loan crisis of the 1980s and 1990s, acquir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Westminster Bank
National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which was re-named NatWest Group in 2020. Following ringfencing of the group's core domestic business, the bank became a direct subsidiary of NatWest Holdings; NatWest Markets comprises the non-ringfenced investment banking arm. The British government currently owns around 48.1%, previously 54.7% of NatWest Group after spending £45 billion ($61.87 billion) bailing out the lender in 2008. NatWest is considered one of the Big Four clearing banks in the UK, and it has a large network of over 960 branches and 3,400 cash machines across Great Britain and offers 24-hour ''Actionline'' telephone and online banking services. Today, it has more than 7.5 million personal customers and 850,000 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Westminster Bank USA
National Westminster Bank USA, commonly known as NatWest USA, was a wholly owned subsidiary of National Westminster Bank in the United Kingdom from 1983 to 1996. Formed as the National Bank of North America in 1905, the U.S. retail banking operation was sold to Fleet Financial Group in 1996. During its existence, National Westminster Bank USA was a commercial bank with a national charter and a member of the Federal Reserve System, supervised by the Office of the Comptroller of the Currency. History National Provincial Bank Limited first entered the United States with a branch in New York, shortly before merging with Westminster Bank Limited in 1970.Tschoegl, Adrian EForeign Banks in the United States Since World War II: A Useful Fringe (pp. 24-25) The Wharton Financial Institutions Center, University of Pennsylvania (00-42), November 2000 National Bank of North America The National Bank of North America was founded in New York in 1851. In 1970, it acquired Trade Bank and Trust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of New England
The Bank of New England Corporation was a regional bank, regional banking institution based in Boston, Massachusetts, which was seized by the Federal Deposit Insurance Corporation (FDIC) in 1991 as a result of heavy losses in its loan portfolio and was placed into Chapter 7, Title 11, United States Code, Chapter 7 liquidation. At the time, it was the 33rd largest bank in the United States, and its federal seizure bailout was the second largest on record. At its peak, it had been the 18th largest bank and had over 470 branch offices. The liquidation company was named Recoll Management Corporation and its bankruptcy estate has continued to exist to pay out claims against the company. As of 2016, most of what was once Bank of New England is now part of Bank of America. Formation and interstate growth The Bank of New England Corporation was formed as the first interstate regional bank in the United States in 1985 as a result of a merger between the (old) Bank of New England Corporatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
100 Federal Street
100 Federal Street, formerly known as the First National Bank Building and nicknamed the Pregnant Building, is a skyscraper located in the Financial District of Boston, Massachusetts. The skyscraper, rising and 37 floors, is Boston's 9th-tallest building. The building was completed in 1971, and formerly served as the world headquarters of Bank of Boston/BankBoston. When Fleet Financial Group of Providence, Rhode Island merged with BankBoston to form FleetBoston Financial, it became the merged company's headquarters until Bank of America acquired it in 2004. The building is now the center of Bank of America's New England operations. The building was purchased by Boston Properties, Inc. in March 2012 for $615 million (USD). As part of the sale, Bank of America will continue to occupy office space in the building with a long-term lease. The name of the building was also officially changed to its street address, 100 Federal Street. Design The design of the First National Bank Buil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
