BancBoston Mortgage Corp. has announced an agreement to purchase Bell Mortgage Co., Minneapolis.

"The acquisition of Bell, which originated some $275 million in residential mortgage loans in 1994, in conjunction with the recent acquisition of a branch office in Houston and the opening of three other Midwest offices, significantly increases our mortgage origination business and will help us to continue to expand our retail capabilities throughout the country," said Joe K. Pickett, chairman of BancBoston Mortgage.

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