4 Senior Vice Presidents from FleetBoston Financial submitted salaries.
FleetBoston Financial is a finance and insurance company that was purchased by Bank of America in 2004. Founded in 1999, FleetBoston Financial was created by a merger of Fleet Financial Group and BankBoston. Headquartered in Boston, Massachusetts FleetBoston Financial offered a wide variety of financial services to their customers. Fleet Bank began to purchase banks outside of the New England territory in the 1980s and early 1990s. In 1992, Fleet Bank was then renamed Fleet Financial Group.
In 1999, Fleet Financial Group was acquired by BankBoston and then changed their name from Fleet Financial Group to FleetBoston Financial. FleetBoston was one of the largest banks in the Unites States in 2003 having assets totaling in excess of $197 billion. Once FleetBoston was acquired by Bank of America in 2004, they began to devote much of their resources to improving their reputation in New England. Prior to 2004, FleetBoston had a workforce of almost 50,000 employees.
As part of Bank of America, current employees of FleetBoston Financial are offered an exceptional perks and benefits package. Some of the benefits offered include health insurance, dental insurance and flexible spending accounts. Employees can also take advantage of a variety of 401 (k) retirement accounts and bonuses that are awarded on a yearly basis depending on their job performance.
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