Hard on the heels of two major acquisitions in the securities processing and global custody business, Bank of New York Co. said Thursday it agreed to purchase the corporate trust business of NationsBank Corp. for an undisclosed sum.

The business includes approximately 11,500 bond trustee and agency accounts representing more than $167 billion in outstanding securities. Those accounts include a variety of trust and agency appointments for issuers of municipal, corporate, and asset-backed debt instruments.

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