Montgomery Securities

Montgomery Securities
Company typeInvestment bank
PredecessorRobertson, Colman, Siebel & Weisel
Founded1978
FounderThom Weisel
Defunct1997
FateAcquired by NationsBank (predecessor of Bank of America
SuccessorBanc of America Securities
HeadquartersSan 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]

  1. ^ PETER TRUELLPublished: June 30, 1997 (1997-06-30). "Nationsbank Deal Expected For Montgomery Securities". New York Times. Retrieved 2013-12-21.{{cite web}}: CS1 maint: numeric names: authors list (link)
  2. ^ 5: 47 PM (1998-04-13). "Merger Hits 'Wall Street West'". CBS News. Retrieved 2013-12-21.{{cite web}}: CS1 maint: numeric names: authors list (link)
  3. ^ "Robertson Stephens digs in - San Francisco Business Times". Bizjournals.com. 2000-09-03. Retrieved 2013-12-21.
  4. ^ "BofA Merges with FleetBoston". Findarticles.com. Retrieved 2013-12-21.
  5. ^ "Robertson Stephens to Close". Bizjournals.com. 2002-07-12. Retrieved 2013-12-21.
  6. ^ [1] Archived May 15, 2008, at the Wayback Machine
  7. ^ "Archived copy". Archived from the original on 2007-06-09. Retrieved 2008-09-22.{{cite web}}: CS1 maint: archived copy as title (link)