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Fleet's biggest merger came in 1999, when it acquired BankBoston (which was itself the fruit of a 1996 merger between Bank of Boston and BayBank). The new FleetBoston was the culmination of a series of Boston-area bank mergers that combined several smaller banks into a single large institution. FleetBoston was the seventh-largest bank in the United States , as measured by assets ( US$ 197 billion in 2003). It had almost 50,000 employees, over 20 million customers worldwide and revenues of $12 billion per year. The banking subsidiary operated under the Fleet name, using BankBoston's stylized eagle logo. As a condition for merger, regulators required Fleet to divest 306 New England branches, including 28 to community banks. [3] [4]

Provident bank mortgage

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