 | |
| Industry | Bank holding company |
|---|---|
| Predecessor | Bank of Boston BayBank |
| Founded | February 7, 1784 (as Massachusetts Bank) |
| Defunct | October 1, 1999[1] |
| Successor | FleetBoston Financial |
| Headquarters | Boston, Massachusetts |
| Products | Financial services |
BankBoston was a bank based in Boston, Massachusetts, which was created by the 1996 merger of Bank of Boston and BayBank. One of its predecessor banks started in 1784, but the merged BankBoston was short-lived, being acquired by FleetBoston Financial in 1999. In 2005, FleetBoston was purchased by, and merged into, Bank of America of Charlotte, North Carolina.
After the sale of its Latin American branches in 2006, BankBoston currently exists solely as a subsidiary private bank owned by Bank of America.
- ^ "November 1999". Federal Reserve Bank of Boston. 1999-11-01. Retrieved 2023-03-21.