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Fleet NJ Community Development Corp history
Fleet NJ Community Development Corp company history timeline
Under increasing pressure from investors, Stepanian resigned in July 1995, and the company's president, Charles Gifford, took over as chairman and CEO.
But a string of possible mergers--with New Jersey's First Fidelity Bancorp, Pittsburgh-based Mellon Bank Corporation, Philadelphia-based CoreStates Financial Corporation, and Banc One Corporation of Columbus, Ohio--all fell through during the first several months of 1995.
Bank of Boston changed its name to BankBoston Corporation in 1997 and began beefing up its international and nonbank financial services operations.
Fleet also bought Merrill Lynch Specialists, Inc. in December 1998 and merged it into Fleet Specialists, Inc., and then two months later picked up Sanwa Bank, Ltd.'s Sanwa Business Credit unit, which was involved in leasing and asset-based lending.
Most of the branches were sold to Philadelphia-based Sovereign Bancorp Inc. during 2000.
The exception were the Latin American operations, which continued to operate as 'BankBoston.' As was typical in mergers of this magnitude, FleetBoston announced in 2000 that the consolidation of operations would result in the layoff of about 4,000 workers.
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Zippia gives an in-depth look into the details of Fleet NJ Community Development Corp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fleet NJ Community Development Corp. The employee data is based on information from people who have self-reported their past or current employments at Fleet NJ Community Development Corp. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Fleet NJ Community Development Corp. The data presented on this page does not represent the view of Fleet NJ Community Development Corp and its employees or that of Zippia.
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