| Type | Investment Bank |
|---|---|
| Predecessor | Robertson, Colman, Siebel & Weisel |
| Founded | 1978 |
| Founder | Thom Weisel |
| Defunct | 1997 |
| Fate | Acquired by NationsBank (predecessor of Bank of America |
| Successor | Banc of America Securities |
| Headquarters | San Francisco, California |
Montgomery Securities was an investment bank based in San Francisco, California, that specialized in high technology and health care sectors. The firm was founded in 1978 by Thom Weisel.
The bank was acquired by NationsBank Corporation on June 30, 1997. [1] It competed in the same geographic region and market sectors as Robertson Stephens (acquired by BankAmerica Corporation) and Hambrecht & Quist (now part of JPMorganChase).
The merger of BankAmerica Corporation and NationsBank Corporation, prompted NationsBank CEO Hugh McColl to propose to put the together the two investment banks, BancAmerica Robertson Stephens and NationsBanc Montgomery Securities. [2]
Ultimately the combination did not happen as Robertson Stephens was sold off in 1998 to FleetBoston. [3] Though, FleetBoston was later acquired by Bank of America in 2004, Robertson Stephens was closed in 2002. [4] [5]
Montgomery Securities is the predecessor of Banc of America Securities. [6] [7]
Sandler O'Neill + Partners, L.P., was a full-service investment banking firm and broker-dealer specializing in the financial services sector. It was headquartered in New York City, and had offices in Boston, Chicago, San Francisco and Atlanta. The firm also operated a mortgage finance company and registered investment adviser based in Memphis.
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. The bank was founded in San Francisco, and took its present form when NationsBank of Charlotte acquired it in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase, and the eighth largest bank in the world. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
Bank One Corporation was the sixth-largest bank in the United States. It traded on the New York Stock Exchange under the stock symbol ONE. The company merged with JPMorgan Chase & Co. on July 1, 2004. The company had its headquarters in the Bank One Plaza in the Chicago Loop in Chicago, Illinois, now the headquarters of Chase's retail banking division.
NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. The company named NationsBank was formed through the merger of several other banks in 1991, and prior to that had been through multiple iterations. Its oldest predecessor companies had been Commercial National Bank (CNB), formed in 1874, and American Trust Company founded in 1909. In 1998, NationsBank acquired BankAmerica, and modified that better-known name to become Bank of America.
BankBoston was a bank based in Boston, Massachusetts, which was created by the 1996 merger of Bank of Boston and BayBank. One of its predecessor banks started in 1784, but the merged BankBoston was short-lived, being acquired by Fleet Bank in 1999. In 2005, FleetBoston was purchased by, and merged into, Bank of America of Charlotte, North Carolina.
BDO Unibank, Inc., commonly known as Banco de Oro (BDO), is a Philippine banking company based in Makati. In terms of total assets, the firm is the largest bank in the Philippines and 15th largest in Southeast Asia as of March 31, 2016. BDO Unibank is also a member of SM Group. It is also the largest bank in the country by market capitalization.
Raymond James | Morgan Keegan is the interim name of the former Morgan Keegan & Co. business units acquired by Raymond James Financial on April 2, 2012. The combined firms’ subsidiaries engage primarily in investment and financial planning, investment banking, fixed income products and asset management.
BBVA USA is a bank headquartered in Birmingham, Alabama. BBVA USA was a subsidiary of Spanish multinational financial services company Banco Bilbao Vizcaya Argentaria from 2007 until 2021, when it was acquired by Pittsburgh based bank holding company and financial services corporation PNC Financial Services. BBVA USA operates chiefly in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas.
Banc of America Securities LLC (BAS), was the investment banking subsidiary of Bank of America until it was merged with Merrill Lynch after that firm's acquisition in 2008 to become Bank of America Merrill Lynch. Headquartered in New York City, the company competed in both the domestic and international equity and investment banking markets.
Hugh L. McColl Jr. is a fourth-generation banker and the former Chairman and CEO of Bank of America. Active in banking since around 1960, McColl was a driving force behind consolidating a series of progressively larger, mostly Southern banks, thrifts and financial institutions into a super-regional banking force, "the first ocean-to-ocean bank in the nation's history".
China Banking Corporation, commonly known as China Bank, is a Filipino bank established in 1920. It was the first privately owned local commercial bank in the Philippines initially catering to the banking needs of Chinese Filipino businesspeople. It offers various banking services and products related to deposit, investment, trust, cash management, remittance, and financing products and services. It also offers insurance brokerage and bancassurance services through its subsidiary and affiliates.
Thomas Weisel Partners Group, Inc., also known as TWP or Weisel, is a U.S. growth focused investment banking firm headquartered in San Francisco, California.
FIS is an American Fortune 500 company which offers a wide range of financial products and services.
Robertson Stephens is a wealth management firm with offices in San Francisco, New York, Idaho and New Jersey, serving high net worth individuals and family offices. The firm is registered with the United States Securities and Exchange Commission as an investment advisor.
Francisco Partners is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. Founded in August 1999 and based in San Francisco with offices in London and New York, Francisco Partners Management L.P. has raised approximately USD $24 billion in committed capital as of June 2020 when the firm raised nearly $10 billion for tech company investments. As of 2020, Francisco Partners had more than $25 billion in assets under management and invested in over 300 companies in the technology sector. Noteworthy acquisitions and investments include GoodRx, BeyondTrust, Renaissance Learning, MyHeritage, Forcepoint, Redis Labs, and Verifone.
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. At its height, it was one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California. Wachovia provided global services through more than 40 offices around the world.
Harris Williams is an American multinational independent investment bank and financial services company specializing in advisory services and financing's for middle-market companies. The firm provides a variety of advisory services including mergers & acquisitions, fairness opinions and restructuring advisory. Harris Williams operates as a subsidiary of PNC Financial Services.
The term CHARM Bank refers to an acronym popularly used in the 1990s to describe the top boutique investment banks of the decade.
Thomas "Thom" Weisel is an American banker, businessman, and investor. He was one of the pioneers in the development of the high tech industry in Silicon Valley. Weisel is the founder of Montgomery Securities and later Thomas Weisel Partners.
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