Bank Purchases

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  • On Oct. 31, 2001, BankNorth acquired Andover Bancorp (Andover Bank) for $340,000,000.
  • On Apr. 1, 2004, FleetBoston merged with Bank of America in a tax-free, stock-for-stock exchange.
  • On Feb. 6, 2004, Sovereign Bankcorp acquired First Essex Bancorp (First Essex) for approximately $406,000,000 - cash and stock.

Source: Mergent Online


--Eleanor 10:53, March 15, 2006 (EST)

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