Academic journal article ABA Banking Journal

Snapshot

Academic journal article ABA Banking Journal

Snapshot

Article excerpt

This month marks the beginning of a series of statistical "snapshots" of different aspects of the banking universe. For the first month we present two views of the bank/thrift merger scene: a look at the largest recent deals and a group of cumulative statistics for deals announced this year. Our partner in this series is SNL Financial, a leading supplier of data for the financial services industry, based in Charlottesville, Va., www.snl.com.

The twelve largest bank deals since 1989
Ranked by deal value at announcement

Buyer                            Target

Travelers Group *, N.Y           Citicorp *, N.Y
NationsBank *, N.C.              BankAmerica *, Calif.
J.P. Morgan Chase, N.Y           Bank One, Ill.
Bank of America, N.C.            FIeetBoston Financial, Mass.
Norwest *, Minn.                 Wells Fargo *, Calif.
Chase Manhattan, N.Y             J.P Morgan & Co., N.Y
Bank One *, Ill.                 First Chicago NBD *, Ill.
Firstar, Wis.                    U.S. Bancorp, Minn.
First Union, N.C.                CoreStates Financial, Penn.
Fleet Financial Group *, Mass.   BankBoston *, Mass.
NationsBank, N.C.                Barnett Banks, Fl.
First Union *, N.C.              Wachovia *, N.C.

                                 Target's
                                   total               Deal value
                                  assets     Date of   at annmt.
Buyer                            ($ bill.)   annmt.    ($ bill.)

Travelers Group *, N.Y             310. … 
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