Bank of New York Corp. on Tuesday agreed to buy the corporate trust business of Chicago-based Harris Bank and, separately, agreed to negotiate a similar deal with Bank of Montreal, the parent company of Harris Bank.

The two acquisitions would bring Bank of New York another 1,700 corporate trust accounts in structured finance, corporate, municipal, and international markets. The $74 billion-asset company ranks among the top three in the corporate trust business, with a portfolio of 70,000 trustee and agency accounts.

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