Business Services Industry

Fleet name slides away as Bank of America enters Connecticut's line of sight.

Knight Ridder/Tribune Business News, November, 2004

By Kenneth R. Gosselin, The Hartford Courant, Conn. Knight Ridder/Tribune Business News

Nov. 13--Coming to a Fleet branch near you: Bank of America.

Beginning Monday, the Bank of America name will officially appear on 175 former Fleet branches throughout Connecticut, the first visible sign that Charlotte, N.C.-based Bank of America is ensconced as the state's largest bank.

And although Connecticut customers will get full privileges across Bank of America's 29-state franchise, the crucial merging of Fleet's and Bank of America's computer systems that carry depositor account information won't happen until next summer.

"That's where the rubber meets the road," said Denis Laplante, an analyst at Keefe, Bruyette & Woods Inc. in New...

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