Five Bank of Boston Corp. insiders and a former chairman exercised options and sold close to $2 million worth of common stock in August just before the company announced two acquisitions.

The insiders, including president Charles Gifford and chief financial officer Peter Manning, sold 90,800 shares through the exercise of options between Aug. and Aug. 25 at an average price of $20,375, according to Vickers Weekly Insider Report.

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