Word: bancorp
(lookup in dictionary)
(lookup stats)
Dates: during 1985-1985
Sort By: most recent first
(reverse)
...decision upheld the so-called New England Compact, which allows mergers across state lines by banks in the region. With the court's verdict, Bank of Boston (1984 assets: $22.1 billion), New England's No. 1 lender, will now acquire Colonial Bancorp of Waterbury, Conn. (assets $1.5 billion), and RIHT Financial Corp. (assets $2.3 billion) of Providence for about $200 million. Said a disappointed Hans Angermueller, vice chairman of Citicorp (assets $150.1 billion), which led the legal fight against the regional pact: "Banking is the only industry that still enjoys local protection...