Acquisition History / FleetBoston Financial / Summit Bancorp
FleetBoston Financial Acquires Summit Bancorp
Announced January 2001 — $7B
What happened
Summit Bancorp was a company, acquired by FleetBoston Financial for $7 billion.
- Acquirer
- FleetBoston Financial
- Target
- Summit Bancorp
- Announced
- January 2001
- Price
- $7B
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did FleetBoston Financial acquire Summit Bancorp?
FleetBoston Financial acquired Summit Bancorp on January 2001. This was FleetBoston Financial's 1st publicly tracked acquisition out of 1 we have on record.
How much did FleetBoston Financial pay for Summit Bancorp?
FleetBoston Financial paid $7B for Summit Bancorp.
What does Summit Bancorp do?
Summit Bancorp was a company, acquired by FleetBoston Financial for $7 billion.