When NationsBank and BankAmerica close their $43 billionmerger today, they will do more than create another megabank. They will form a new class of financial services giant: the nationwide bank.

The merged concern, to be known as BankAmerica Corp., will have 4,800 branches in 22 states, making it the first banking company with a truly coast-to-coast branch network. Until now, banks have relied on technology and nonbanking outposts to pursue their national ambitions and have limited their branch networks to select regions of the country.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.