Bank of Boston Corp. is stepping up its private-banking business by lowering the minimum required to open an account to $300,000 from $500,000.

Kenton J. Ide, director of investments at Bank of Boston's private banking unit, said the bank hoped to attract younger people who are in the process of building up wealth. The move is directed at the private-banking market in southern New England, Florida, California, and the Midwest.

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