Here is an overview of the proposed merger between Bank of America and Fleet Bank, which was announced this morning. The two companies released a statement saying they expect the merger to be finalized by the end of the second quarter in 2004.

Total value of the transaction: almost $47 billion

Combined earnings through Q3 2003: $10 billion

States served: 29

Combined retail customers: 33 million

Combined ATM locations: 16,551

Combined banking locations: 5,669

Combined active online banking customers: 8 million

Combined deposit market share: 9.8%

Combined small business loans: 11,594

Combined total assets under management in bank-owned brokerage: $470 billion

Countries served outside of the U.S.: 34

Proposed board members from Bank of America: 12

Proposed board members from Fleet: 7

Projected overall expense efficiencies: $1.1 billion after-tax

Projected synergies: approximately $195 million after-tax per year