Bank of Boston Corp. began marketing $70 million of preferred stock on Tuesday and will sell $100 million of subordinated debt later this week.

Bank of Boston agreed to raise the capital in connection with its application to the Federal Reserve Board to acquire Multibank Financial Corp. of Dedham, Mass.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.