Stacy Conradt
The Quick 10: 10 of the Most Expensive Mergers in the Last 10 Years
by Stacy Conradt - September 18, 2008 - 2:07 PM

q10

Are you sick of hearing about mergers and takeovers and bankruptcies and bailouts yet? If not, maybe this will finally cap it off for you. It’s the 10 of the most expensive bank mergers in the last 10 years in terms of how much the transaction cost. Bank of America and Wachovia have been busy, huh?? The first company is the one who did the acquiring, the second was the company that got acquired, and the third is what they became known as after the merger.

1. Travelers Group and Citicorp = Citigroup, $140 billion.
2. Bank of America Corp + Merrill Lynch = Bank of America, $50 billion
3. Bank of America Corp. + FleetBoston Financial Corp. = Bank of America Corp., $47 billion.
4. Bank of America + MBNA Corporation = Bank of America Card Services, $35 billion
5. Wachovia + Golden West Financial = Wachovia, $25 billion
6. Wachovia + Worldwide Savings Bank = Wachovia, $25 billion
7. Bank of America + LaSalle Bank = Bank of America, $21 billion
8. Bank of New York + Mellon Financial Corporation = Bank of New York Mellon, $18.3 billion
9. Wachovia + South Trust = Wachovia, $14.3 billion
10. Capital One Financial Corporation + North Folk Bank = Capital One Financial Corporation, $13.2 billion.

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Comments (6)

  1. I don’t know about that North Folk Bank, but Capital One did merge with a North FORK Bank…

    posted by Dan on 9-18-2008 at 4:05 pm

  2. liked the way you put it. Clear and concise.

    big fish + small fish = big fish

    posted by septer on 9-18-2008 at 4:27 pm

  3. I hope they name the new entity Lynch America.

    posted by Miss Cellania on 9-18-2008 at 8:07 pm

  4. If you have Capital One in your wallet, your credit rating may be damaged. The National Association of Realtors advised that Capital One does not report your maximum credit limit, so when the Credit Reporting Agencies calculate your outstanding borrowing percentage (borrowed / limit) they get a divide by zero error. That lowers your credit score, and allows Capital One to charge you a higher rate. Who says big banks are good for consumers? Big bankers say that. I say disgorge the bums.

    posted by Jeff on 9-18-2008 at 11:18 pm

  5. Wachovia made a huge mistake when they aquired Golden West. Now they have over $128 Billion worth of subprime mortgages that experts say 10% of which could go bad. The CEO for Wachovia that arranged the deal is now unemployed.

    posted by wheel on 9-19-2008 at 8:44 am

  6. Lynch America… Miss Cellenia, that just made me squirt coffee out of my nose. Thank you for making me laugh this morning. :)

    posted by GTT on 9-19-2008 at 10:02 am

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