Top 10 Deals Announced for Other Assets

+++ Ranked by assets, third quarter 1997 part 1 of 3

Rank Buyer Seller

1 First Union Corp., N.C. Wheat First Butcher Singer, Va.

2 Fleet Financial Group Inc, Mass. Columbia Management Co., Ore.

3 Fleet Financial Group Inc., Mass. Quick & Reilly Group, Fla.

4 Sovereign Bancorp, Pa. Fleet Financial Group*, Mass.

5 Amcore Financial, Ill. Investors Management Group, Iowa

6 SunTrust Banks, Ga. Equitable Securities Corp, Tenn.

7 Bank of New York Co., N.Y. One Valley Bancorp*, W. Va.

8 Boston Private Bancorp., Mass. Westfield Capital Management, Mass.

9 Safeco, Wash. Washington Mutual, Inc.*, Wash.

10 Fifth Third Bancorp, Ohio Heartland Capital Management, Ind.

part 2 of 3

Date Date Type of

Rank Buyer announcedcompleted assets

1 First U 8/20/97 Pending Securities brokerage

2 Fleet F 8/14/97 Pending Investment advisory/management

3 Fleet F 9/16/97 Pending Securities brokerage

4 Soverei 7/2/97 9/19/97 Specialty financing

5 Amcore 7/8/97 Pending Investment advisory/management

6 SunTrus 9/26/97 Pending Investment advisory/management

7 Bank of 7/17/97 Pending Bond administration

8 Boston 8/13/97 Pending Investment advisory/management

9 Safeco, 9/3/97 Pending Insurance operations

10 Fifth T 9/22/97 Pending Investment advisory/management

part 3 of 3

Assets

bought/sold Price

Rank Buyer $0 $0

1 First Union Corp., N.C. $35,000,000 $481,909

2 Fleet Financial Group Inc, Mass. 22,000,000 400,000

3 Fleet Financial Group Inc., Mass. 4,172,593 1,600,000

4 Sovereign Bancorp, Pa. 2,000,000 2,000,000

5 Amcore Financial, Ill. 1,700,000 N/A

6 SunTrust Banks, Ga. 1,500,000 87,924

7 Bank of New York Co., N.Y. 1,400,000 N/A

8 Boston Private Bancorp., Mass. 1,300,000 32,327

9 Safeco, Wash. 1,100,000 140,000

10 Fifth Third Bancorp, Ohio 900,000 N/A

Source: Sheshunoff Information Services, Austin, Tex. *Line of business acquisition. ===

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER