Gunnar S. Overstrom Jr.

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Gunnar S. Overstrom Jr. was a vice chairman of FleetBoston Financial (now a part of Bank of America) and the former president and chief operating officer of the Shawmut National Corporation.

FleetBoston Financial was a Boston, Massachusetts–based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were converted to Bank of America.

Bank of America American multinational banking and financial services corporation

The Bank of America Corporation is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JP Morgan Chase. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary financial services revolve around commercial banking, wealth management, and investment banking.

As a vice chairman of Fleet, Overstrom was instrumental in building the corporation's asset management portfolio and its brokerage and securities business. He spearheaded the acquisition of Quick and Reilly as well as the purchase of Columbia Asset Management.

As president and chief operating officer of Shawmut National, Overstrom helped lead the company in making over 50 acquisitions and building the company from a $2 billion regional bank to a $35 billion super-regional institution with offices in five states. In 1995, Shawmut National merged with the Fleet Financial Group.

After his work at Fleetboston, Mr. Overstrom joined Shawmut Capital Partners, a venture capital firm based in Boston, Massachusetts. In addition to his role as a partner at Shawmut Capital, Overstrom consulted and invested through his family's firm, Larus & Sons, and served on the boards of a number of public and private institutions.

Mr. Overstrom died on December 6, 2001 while travelling in Chicago. He was survived, among others, by his Wife: Margery Larus Overstrom; and his two sons: Gunnar S Overstrom, III (and his wife, Claudia Taylor Overstrom), and Alexander Edward Cadwell Overstrom.

Mr. Overstrom graduated from Babson College in Wellesley, MA. He received an L.L.B. from Suffolk University Law School in Boston, MA in addition to a M.A. in Economics from Trinity College in Hartford, CT.

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