Acquisition History / Fleet Financial Group / Shawmut Bank

Fleet Financial Group Acquires Shawmut Bank

Announced January 1995 — $3.70B

Fleet Financial Group1995

What happened

Shawmut Bank was a company, acquired by Fleet Financial Group for $3.7 billion.

Acquirer
Fleet Financial Group
Target
Shawmut Bank
Announced
January 1995
Price
$3.70B
Buyer type
Strategic acquirer
Status
Closed

By the numbers

Fleet Financial Group's acquisition history
2nd 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 1995
19 across all acquirers

Frequently Asked Questions About This Acquisition

When did Fleet Financial Group acquire Shawmut Bank?

Fleet Financial Group acquired Shawmut Bank on January 1995. This was Fleet Financial Group's 2nd publicly tracked acquisition out of 3 we have on record.

How much did Fleet Financial Group pay for Shawmut Bank?

Fleet Financial Group paid $3.70B for Shawmut Bank.

What does Shawmut Bank do?

Shawmut Bank was a company, acquired by Fleet Financial Group for $3.7 billion.

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More Fleet Financial Group acquisitions

See all 3 Fleet Financial Group acquisitions →