Acquisition History / First Union / CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States)
First Union Acquires CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States)
Announced January 1998 — $17.10B
What happened
CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States) was a company, acquired by First Union for $17.1 billion.
- Acquirer
- First Union
- Target
- CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States)
- Announced
- January 1998
- Price
- $17.10B
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did First Union acquire CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States)?
First Union acquired CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States) on January 1998. This was First Union's 1st publicly tracked acquisition out of 2 we have on record.
How much did First Union pay for CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States)?
First Union paid $17.10B for CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States).
What does CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States) do?
CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States) was a company, acquired by First Union for $17.1 billion.
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