Dating services boston massachusetts
Bay Banks derived 80 percent of its revenues from its retail business, with 31% of households in eastern Massachusetts, and 25% across the entire state, having at least one Bay Banks account.
Following the merger, the combined Bank of Boston did regain the title as the largest bank in the city of Boston from its rival Fleet Bank although Fleet was still the larger bank overall.
The combination of Fleet and Bank Boston resulted in what was the eighth largest bank in the United States at the time, with assets of over 0 billion.
Between the acquisitions by Fleet and Bank Boston, the combined bank had consumed eight of the ten largest banks in New England at the start of the 1990s.
Boston-based Fleet Bank (originally Providence Bank, founded in Rhode Island in 1791) acquired Bank Boston in 1999, on the heels of acquiring Shawmut Bank just a few years earlier.
Fleet now dominated the New England market, yet saw the value in maintaining the old Bank of Boston brand in Latin America.
In 1864, The Massachusetts Bank was renamed the Massachusetts National Bank.
Although still smaller than its failed takeover targets earlier in the decade, Bay Bank had a strong retail banking operation, with 205 branches and over a thousand ATMs.
Baybanks was founded in 1928 when a Massachusetts asset manager with controlling stakes in nine banks reorganized itself as Old Colony Trust.
With the addition of Bay Bank's billion of assets, the combined bank had total assets of over billion at the end of 1996.
The combined bank, rebranded Bank Boston in 1996, was a major financial institution both domestically and internationally, due in part to the Latin American holdings of Bank of Boston, where the old name was still used. In August 1998 Bank Boston acquired Robertson Stephens & Co.
In the 1950s and 1960s, Baystate engaged in an aggressive acquisitions strategy and bought more than 40 banks.