Article View: ca.general
Article #22398Re: Security Pacific merging w/ BofA?
From: Pete Zakel
Date: Tue, 31 Mar 1992 03:10
Date: Tue, 31 Mar 1992 03:10
28 lines
1621 bytes
1621 bytes
In article <19105@aggie.ucdavis.edu> ez001099@hamlet.ucdavis.edu ('Louie Louie') writes:
>Is Security Pacific really going to be merging with Bank of America
>in a few months? Does anyone have any info on this? (I have a savings
Yes.
It's been in all the papers, on radio, on TV. The last hurdle to the merger
was cleared about a week ago and it's going to happen.
The merger is supposed to be final in July of 1992 (this year).
The merged bank will be retaining the name "Bank of America".
About 18,000 jobs are expected to be lost through attrition and layoffs.
Many branches will be closed -- especially where a BofA and SP branch are
right next to each other.
I'm concerned, too -- as I am currently a Security Pacific customer (whereas
my wife is BofA -- now we'll be banking at the same bank!).
Expect to get more info in the mail from BofA and/or SP if you are a BofA
or SP customer.
-Pete Zakel
(phz@cadence.com or ..!uunet!cadence!phz)
Someone will try to honk your nose today.
Technical Details
Message-ID:
<1992Mar31.031006.12644@Cadence.COM>Path:
arc1-ca.pugleaf.net!sparky!uunet!Cadence.COM!phzReferences:
<kDH0HB3w165w@midiline.la.ca.us> <19105@aggie.ucdavis.edu>Show Full Headers
Complete Article Headers
X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 106ed4,42e9c5117cf8ddd2 X-Google-Attributes: gid106ed4,public X-Google-ArrivalTime: 1992-03-30 19:10:06 PST Newsgroups: ca.general Path: arc1-ca.pugleaf.net!sparky!uunet!Cadence.COM!phz From: phz@cadence.com (Pete Zakel) Subject: Re: Security Pacific merging w/ BofA? Message-ID: <1992Mar31.031006.12644@Cadence.COM> Sender: usenet@Cadence.COM (Usenet News) Nntp-Posting-Host: cds709.cadence.com Organization: Cadence Design Systems References: <kDH0HB3w165w@midiline.la.ca.us> <19105@aggie.ucdavis.edu> Date: Tue, 31 Mar 1992 03:10:06 GMT