December 20, 1995 in Nation/World

Fleet To Acquire Natwest Operations

Compiled From Wire Services
 

Less than a month after concluding a $3.45 billion merger that cemented its position as New England’s largest bank, Fleet Financial Group on Tuesday scooped up the U.S. operations of Britain’s National Westminister Bank for $3.26 billion.

The deal marks Fleet’s first foray into New Jersey’s lucrative banking market and strengthens its position in several commuter areas around metropolitan New York. It comes on the heels of Fleet’s acquisition of Boston-based Shawmut National Corp., which closed in November.

Get stories like this in a free daily email


Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus