BankBoston
Sign in to saveAlso known as Bank of Boston, BayBank
BankBoston was an American 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 FleetBoston Financial in 1999. In 2005, FleetBoston was purchased by, and merged into, Bank of America of Charlotte, North Carolina.
~9 min read
Encyclopedic overview
10 sectionsContents
- History
- The Massachusetts Bank
- First National Bank of Boston
- Acquisition of BayBank to form BankBoston
- Bank of New York
- Merger with Fleet
- Acquisition by Bank of America
- See also
- Explanatory notes
- References
BankBoston was an American 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 FleetBoston Financial 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.
Excerpted from Wikipedia’s “BankBoston” article, available under the CC BY-SA 4.0 licence.