Bank of America - Bank of America possessed combined assets of $570 billion

Time: 1998

Place: U.S.

Details: In 1998, Bank of America possessed combined assets of $570 billion, as well as 4,800 branches in 22 states. Despite the size of the two companies, federal regulators insisted only upon the divestiture of 13 branches in New Mexico, in towns that would be left with only a single bank following the combination.

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