Description: 1983 First Jersey National Bank Proxy Cover Jersey City NJ Business Reply MailAs shown. Shipping with tracking. NatWest Acquiring First Jersey National In $820 Million Bank MergerAugust 5, 1987 JERSEY CITY, N.J. (AP) _ National Westminster Bank USA and First Jersey National Corp. have agreed to merge in an $820 million cash deal, creating a $15.8 billion bank holding company, the companies said Wednesday.First Jersey national shares, which had soared Tuesday on takeover speculation, surged further in national over-the-counter trading following the disclosure.First Jersey National rocketed $13 higher to $77 on Wednesday, after rising $9 Tuesday before trading was halted pending an announcement.The acquisition by NatWest, the U.S. subsidiary of Britain’s giant National Westminster Bank PLC, was the latest in a recent spate of major bank mergers. It also highlights the surge in couplings between banks in New Jersey and neighboring states before New Jersey’s interstate banking law takes effect in 1988.
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Denomination: No Postage Necessary
Place of Origin: United States
State: New Jersey
Grade: Ungraded
Topic: Business, Industry, Careers
