Acquisition History / CoreStates Financial Corporation / Meridian Bancorp
CoreStates Financial Corporation Acquires Meridian Bancorp
Announced January 1996 — $3.20B
What happened
Meridian Bancorp was a company, acquired by CoreStates Financial Corporation for $3.2 billion.
- Acquirer
- CoreStates Financial Corporation
- Target
- Meridian Bancorp
- Announced
- January 1996
- Price
- $3.20B
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did CoreStates Financial Corporation acquire Meridian Bancorp?
CoreStates Financial Corporation acquired Meridian Bancorp on January 1996. This was CoreStates Financial Corporation's 1st publicly tracked acquisition out of 1 we have on record.
How much did CoreStates Financial Corporation pay for Meridian Bancorp?
CoreStates Financial Corporation paid $3.20B for Meridian Bancorp.
What does Meridian Bancorp do?
Meridian Bancorp was a company, acquired by CoreStates Financial Corporation for $3.2 billion.