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Article: Community banks seek spoils of merger
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- April 25, 1999
- Author:
CopyrightCopyright 1999 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Community banks in the North Weekly region have launched an
aggressive push to persuade the US Justice Department and state
banking regulators to let them bid on branches, ATMs, and other
assets the Fleet Financial Group Inc. and BankBoston Corp. must sell
as a condition of their proposed merger.
Backed by industry trade associations and consumer groups, area
bankers are lobbying local congressmen, state officials, business
organizations, and others to press their case: Community banks
deserve a fair shot at bidding on at least a portion of the estimated
$13 billion in assets up for grabs, perhaps as early as June.
"Community banks play a strong role already in the state's
economy," said ...