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Topic: FleetBoston


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In the News (Sun 20 Dec 09)

  
  FleetBoston Financial - Wikipedia, the free encyclopedia
FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston.
During the construction of a sports arena in Boston, FleetBoston acquired the naming rights to the facility, which therefore opened as the FleetCenter in 1995.
After FleetBoston's sale to Bank of America, the bank chose to give up its naming rights and an announcement was made on March 3, 2005 that the arena would be renamed TD Banknorth Garden.
en.wikipedia.org /wiki/FleetBoston   (210 words)

  
 FDIC: FDIC Federal Register Citations
FleetBoston Financial Corporation (“FleetBoston”) is the seventh largest diversified financial holding company in the United States with total assets of U.S. $197 billion.
FleetBoston's fundamental belief is that capital for securitization activities should be based on the results of a bank's own internal models and subject to regulatory review.
FleetBoston has successfully managed a revolving commercial-loan securitization program for 5 years, and we believe that there is no justification for the asymmetric treatment of securitized-retail and securitized-committed/non-retail revolving facilities.
www.fdic.gov /regulations/laws/federal/03cfleetbasel.html   (7127 words)

  
 FleetBoston Case Study - Facility Management Software
FleetBoston wanted to ensure that all branches and ATMs represented the Bank’s high-quality standards and provided a consistent customer and employee experience across all retail locations.
FleetBoston sought to identify building and design issues to strengthen customer and employee experiences and meet its defined retail environmental branding standards.
The assessments will allow FleetBoston to prepare a plan to present a consistent image as the leading commercial banking provider in the Northeast by addressing functional and design inconsistencies resulting from growth and acquisitions.
www.vfa.com /clients/case_fleet.htm   (344 words)

  
 CBS News | Bank Of America Buys FleetBoston | October 27, 2003 20:06:39
FleetBoston and Bank of America executives said that because the companies had so little overlap, they expect the number of jobs in the Boston area to remain about the same.
Still, FleetBoston Chairman and CEO Charles K. Gifford acknowledged there would be some layoffs.
FleetBoston has 47,700 employees; Bank of America has 133,000.
www.cbsnews.com /stories/2003/10/27/national/main580134.shtml   (665 words)

  
 Complaint: Guillermo Garcia Simon, v. Arana Simon, & A. Garcia Simon, Defendant
This is an insider trading case involving highly profitable purchases of call options of FleetBoston Financial Corp. ("FleetBoston") made late in the afternoon on the business day before it was announced on October 27, 2003, that Bank of America Corp. ("Bank of America") agreed to acquire FleetBoston through a merger at a substantial premium.
FleetBoston is a Delaware corporation headquartered in Boston, Massachusetts.
FleetBoston's common stock is registered pursuant to Section 12(b) of the Exchange Act and trades on the New York Stock Exchange.
www.sec.gov /litigation/complaints/comp18429.htm   (941 words)

  
 RW - Resolution: FleetBoston CEO Must Share Both Rewards and Sacrifices
Meeting the needs of customers, communities and employees is crucial to the future financial success of FleetBoston, according to a shareholder resolution tying CEO pay to these goals.
Last year, FleetBoston’s Terrence Murray received total compensation of $17 million, including a 25% increase in his annual bonus, making him one of the highest-paid CEOs in Massachusetts.
Last year, FleetBoston fell 38% short of its commitments to provide mortgages for low and moderate income families, made to ease regulatory approval for the Fleet-BankBoston merger.
www.responsiblewealth.org /press/2001/fleetboston_2001_pr.html   (862 words)

  
 FleetBoston building IT command center - Computerworld
He added that he expects to be able to cut FleetBoston’s IT staff by an unspecified number and increase the amount of floor space available at its primary data center here by 3,500 square feet -- two benefits that should produce a return on investment within a year.
FleetBoston plans to bring the nonbanking operations onto its consolidated network and “drive the standardization of processes across the company,” he said.
FleetBoston’s systems, corporate networks and the network that supports its 3,400 ATMs are managed with different software tools by workers in separate locations -- the first two are in adjacent rooms at the Albany data center, and the ATM network is in another building in Albany.
www.computerworld.com /printthis/2003/0,4814,82145,00.html   (555 words)

  
 Massachusetts Division of Banks - Decision
Bank of America and FleetBoston also each request approval pursuant to section 2 of chapter 167A of the General Laws to exercise options to purchase up to 19.9% of each other’s outstanding common stock under certain terms and conditions set forth in reciprocal stock option agreements between the Petitioner and FleetBoston.
FleetBoston is a bank holding company and financial holding company whose primary banking subsidiary is Fleet National Bank, a federally-chartered bank with its main office in Providence, Rhode Island and subject to the supervision of the OCC.
All other subsidiary banks of Bank of America and FleetBoston that are subject to the CRA received either an "Outstanding" or "Satisfactory" rating at their most recent evaluations conducted by the OCC.
www.mass.gov /dob/bofa.htm   (5110 words)

  
 FleetBoston
FleetBoston Financial, headquartered in Boston, Mass., is the seventh-largest financial holding company in the United States, with assets of $190 billion.
FleetBoston's highest value customers have multiple accounts with the bank, as the company has 24 different lines of business that sell distinctly different products.
FleetBoston is unique in that it recognized early on that data quality was crucial to the success of its CRM implementation.
www.firstlogic.com /stories/stories-fleet.asp   (696 words)

  
 Boston.com / Business / FleetBoston victimized in loan scheme   (Site not responding. Last check: 2007-10-21)
NEW YORK -- FleetBoston Financial Corp. is among seven banks defrauded of $50 million by two men who submitted phony invoices for loans to finance scrap metal trades, prosecutors said.
In that case, which is scheduled for trial next month, the defendants swindled banks by claiming they were arranging metal shipments and needed financing for customers in India, Hong Kong and elsewhere, prosecutors said.
FleetBoston and PNC have said they lost a combined $120 million from that fraud.
www.boston.com /business/globe/articles/2004/03/17/fleetboston_victimized_in_loan_scheme   (231 words)

  
 SignOnSanDiego.com > News > Business -- Fed approves Bank of America's merger with FleetBoston, creating ...
The proposed purchase of FleetBoston – a deal estimated at $47 billion when announced last October – has been met with much anxiety in Boston, which would lose its last major hometown bank, and to a lesser extent in other communities across the country worried about diminished competition and local control.
FleetBoston says it has made $18 billion in community investments over the past four years– ahead of its commitments – though some community activists have questioned that.
FleetBoston is the product of a series of mergers, having operated under names including First National Bank of Boston, Baystate Corp., Bank of Boston and, following a 1999 merger with Fleet Bank of Rhode Island, FleetBoston Financial.
www.signonsandiego.com /news/business/20040309-1333-bankofamerica-fleet.html   (665 words)

  
 Bank of America, FleetBoston to pay $515 million in funds settlement | ajc.com   (Site not responding. Last check: 2007-10-21)
Eight members of the board of directors of Nations Funds, Bank of America's group of mutual funds, also will be required to resign their positions within a year for their alleged role in allowing the trading violations — the first sanction of its kind in what has become an industrywide investigation.
Bank of America's fund trading came under scrutiny last September, when Canary Capital Management LLC agreed to pay $40 million to settle charges it engaged in improper short-term trading and illegal after-market trading with several mutual fund families, including Bank of America — though the bank was not charged at the time.
News of the settlement came two days before Bank of America and FleetBoston shareholders were to vote on a proposed merger that would create the third-largest U.S. bank with nearly $1 trillion in assets.
www.ajc.com /business/content/business/0304/15mutual.html   (641 words)

  
 Bank of America to acquire FleetBoston for $47B - Oct. 27, 2003
The transaction, which values FleetBoston at about $45.46 a share, would be the largest merger since the $59 billion deal between drugmakers Pfizer and Pharmacia in July of last year, according to Dealogic.
Shares of FleetBoston (FBF: up $7.40 to $39.20, Research, Estimates) jumped about 25 percent in midday trading while Bank of America (BAC: down $8.29 to $73.57, Research, Estimates) stock sank about 10 percent on the news.
FleetBoston, the No. 7 bank, has been trying to reposition itself as a consumer bank that takes on less lending risk after being burned by losses in Latin America and by loans to Enron and other troubled companies.
money.cnn.com /2003/10/27/news/companies/ba_fleet   (795 words)

  
 Business: BofA, FleetBoston join hands to become No. 2
The FleetBoston deal would bring Bank of America to 9.8 percent of deposits, meaning it would almost certainly be the bank's last big acquisition.
FleetBoston chairman and CEO Charles K. Gifford will stay in Boston as chairman of the new bank, a common but temporary move for top executives of the large banks that Bank of America has acquired.
In a sign that investors believe FleetBoston shareholders are getting the better end, FleetBoston's stock price shot up $7.40 apiece, or 23.3 percent, to close Monday at a new 52-week high of $39.20 a share.
www.sptimes.com /2003/10/28/Business/BofA__FleetBoston_joi.shtml   (1075 words)

  
 Projo.com | Providence | Business
FleetBoston Financial Corp., the seventh-biggest U.S. bank by assets, agreed yesterday to pay $1.3 billion for Circuit City Stores Inc.'s credit-card business to expand its own card unit, which hasn't grown in at least a year.
FleetBoston is getting Visa and MasterCard credit-card receivables and cash reserves that total about $1.5 billion from Circuit City, the second-largest U.S. electronics chain, the companies said in statement.
FleetBoston, currently the ninth-largest credit-card issuer, needs to expand its customer base to compete with competitors such as Citigroup Inc. and MBNA Corp., the number-one and number-two card issuers, said David Robertson, publisher of the Nilson Report, a card industry newsletter based in Oxnard, Calif.
www.projo.com /business/content/projo_20031023_fleet23.92db9.html   (628 words)

  
 TheStreet.com: FleetBoston, Bank of NY Exceed While Bank of America Meets Estimates
FleetBoston Financial, the progeny of Fleet Financial and BankBoston, reported that its earnings rose 15% on an earnings-per-share basis to 83 cents a diluted share, or $772 million, compared with earnings of $700 million, or 72 cents a share, in the year-earlier quarter.
FleetBoston Financial finished down 2 1/4, or 6%, at 35 1/2.
FleetBoston is the country's eighth-largest bank, operating about 1,250 branches in the Northeast.
www.thestreet.com /brknews/banks/1003730.html   (847 words)

  
 Inner City Press' Fleet Watch
FleetBoston noted that loan production levels and loan demand can vary during different time periods and are not always constant." Yeah, but the first half (and nine months) of 2000 were, according to the Fed, one of the strongest economies in decades.
Fleet's letter concludes that "FleetBoston is in the process of negotiating a CRA agreement with community organizations in the communities affected by the merger...
Fleet's Application, at 6, states that "FleetBoston's divestiture commitment is attached as Confidential Exhibit C." This exhibit must be released to the public, and to ICP, which timely requested it.
www.innercitypress.org /fleet.html   (8675 words)

  
 Thursday, May 17, 2001 Today's News: FleetBoston Relies On Diversity   (Site not responding. Last check: 2007-10-21)
Last year was a great one for FleetBoston Financial Corp., which ranked as the second most profitable financial services company among the 100 largest.
FleetBoston's relative strength reflected a high return on assets, 22.5%, and a 75% jump in per-share earnings.
FleetBoston has increased its investment banking activities in recent years and that gave a super lift to its profits in 2000.
www.ccr.faulknergray.com /news/051701_1.htm   (288 words)

  
 CNN.com - Technology - Bank offers virtual safe-deposit boxes - October 13, 2000
FleetBoston Wednesday announced plans to launch a new system that will let users store important electronic documents in password-protected accounts at the Boston-based bank.
The proprietary system is being developed by FleetBoston with help from Microsoft Corp.'s storage consulting unit and uses technology from EMC Corp., Compaq Computer Corp. and other vendors.
FleetBoston itself is already using the FileTrust system "considerably" in its internal operations, Heltai said.
archives.cnn.com /2000/TECH/computing/10/13/fleet.boxes.idg   (643 words)

  
 FleetBoston offers virtual safe-deposit boxes - Computerworld   (Site not responding. Last check: 2007-10-21)
Now, FleetBoston Financial Corp. is raising the bar another notch when it comes to online banking services by adding a new feature: virtual safe-deposit boxes.
FleetBoston yesterday announced plans to launch a new system that will let users store important electronic documents in password-protected accounts at the Boston-based bank.
FleetBoston officials said they expect companies to soon have large collections of legal, tax-related and other documents that need to be kept online in a secure location.
www.computerworld.com /printthis/2000/0,4814,52314,00.html   (539 words)

  
 Bank of America | Annual Report (2004) | FleetBoston Merger   (Site not responding. Last check: 2007-10-21)
FleetBoston’s results of operations were included in the Corporation’s results beginning April 1, 2004.
As provided by the Merger Agreement, approximately 1.069 billion shares of FleetBoston common stock were exchanged for approximately 1.187 billion shares of the Corporation’s common stock, as adjusted for the stock split.
FleetBoston shareholders also received cash of $4 million in lieu of any fractional shares of the Corporation’s common stock that would have otherwise been issued on April 1, 2004.
www.bankofamerica.com /annualreport/2004/backmatter/mda/mda_merger.cfm   (325 words)

  
 SEC Info - Bank of America Corp/DE - S-4/A - OnĀ 1/30/4   (Site not responding. Last check: 2007-10-21)
Each share of each series of FleetBoston preferred stock issued and outstanding immediately prior to the completion of the merger will be converted into a share of a series of Bank of America preferred stock with the same terms (to the fullest extent possible) as the corresponding FleetBoston preferred stock.
Only FleetBoston stockholders of record at that time are entitled to notice of, and to vote at, the FleetBoston special meeting, or any adjournment or postponement of the special meeting.
In the case of FleetBoston, the merger must be approved by the holders of a majority of the outstanding shares of FleetBoston common stock entitled to vote at its special meeting.
www.secinfo.com /d14D5a.1bRg.htm   (4090 words)

  
 Fleetboston   (Site not responding. Last check: 2007-10-21)
She has spent the majority of her career at FleetBoston Financial in a variety of executive management roles, most recently serving as executive vice president and corporate director of human resources until her retirement in 2004.
She is currently a member of the board of directors of Tupperware Corporation and Belo Corporation and is Chairman of the Board of Governors of the Boys & Girls Clubs of America.
We are also positive on the recent merger with FleetBoston Financial and the pending acquisition of MBNA (KRB ; $25.30).
www.newstrove.com /cgi-bin/search.pl?wn1=43343&title=Fleetboston   (678 words)

  
 FleetBoston's sports lending unit runs on as rivals fade - 2002-12-23
But here, FleetBoston Financial Corp., considered one of the nation's premier sports lenders, continues to score with clients and new projects, even as businesses generally remain circumspect about new spending and cautious about the economy's immediate future.
FleetBoston, along with Charlotte, N.C.-based Bank of America Corp., are widely held as the two most prominent sports lenders, typically leading syndicates of other banks in financing the sale of major league sports teams and the building of stadiums.
Many industry observers believe FleetBoston should benefit greatly from an expected hike in sports clubs for sale in the next few years, in particular in Major League Baseball, which this year signed a labor contract with players that is anticipated to encourage sales.
boston.bizjournals.com /boston/stories/2002/12/23/newscolumn4.html   (892 words)

  
 Bank of America | Newsroom | Bank of America and FleetBoston Financial to Create Nation's Premier Financial Services ...   (Site not responding. Last check: 2007-10-21)
Charles K. Gifford, currently chairman and chief executive officer of FleetBoston, will be chairman of the board of directors of the merged company from Boston.
Both Bank of America and FleetBoston Financial have used Six Sigma successfully in recent years to streamline processes, improve quality, efficiency and accuracy, and to free up capital for strategic investment.
Under terms of the agreement, FleetBoston Financial stockholders will receive.5553 shares of Bank of America common stock for each of their shares.
www.bankofamerica.com /newsroom/press/press.cfm?PressID=press.20031027.03.htm&LOBID=6   (1707 words)

  
 WIPO Domain Name Decision: D2000-1352
Complainant is Fleetboston Financial Corporation, a corporation organized under the laws of the State of Rhode Island, U.S.A. ("Complainant").
Since 1982, FleetBoston and its predecessors in interest, have substantially, continuously and exclusively used, in connection with its business, the mark FLEET alone and as a component of composite marks incorporating the word "Fleet," including the mark FLEET BANK.
FleetBoston’s website also allows current and potential customers of FleetBoston to learn about its various banking products and services and to access its OfficeLink and HomeLink services which permit Complainant’s customers to, among other things, pay bills, transfer funds and check account balances on the Internet.
arbiter.wipo.int /domains/decisions/html/2000/d2000-1352.html   (1806 words)

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