Acquisition History / Fleet Financial Group / Norstar Bank

Fleet Financial Group Acquires Norstar Bank

Announced January 1987 — $1.30B

Fleet Financial Group1987

What happened

Norstar Bank was a company, acquired by Fleet Financial Group for $1.3 billion.

Acquirer
Fleet Financial Group
Target
Norstar Bank
Announced
January 1987
Price
$1.30B
Buyer type
Strategic acquirer
Status
Closed

By the numbers

Fleet Financial Group's acquisition history
1st of 3 tracked deals
Disclosed prices
3 of 3 Fleet Financial Group deals
Fleet Financial Group's average disclosed price
$7B
Fleet Financial Group's largest disclosed deal
BankBoston ($16B)
Tracked acquisitions in 1987
9 across all acquirers

Frequently Asked Questions About This Acquisition

When did Fleet Financial Group acquire Norstar Bank?

Fleet Financial Group acquired Norstar Bank on January 1987. This was Fleet Financial Group's 1st publicly tracked acquisition out of 3 we have on record.

How much did Fleet Financial Group pay for Norstar Bank?

Fleet Financial Group paid $1.30B for Norstar Bank.

What does Norstar Bank do?

Norstar Bank was a company, acquired by Fleet Financial Group for $1.3 billion.

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More Fleet Financial Group acquisitions

See all 3 Fleet Financial Group acquisitions →