Bank of Boston Corp. has sold a large part of its commercial mortgage servicing portfolio and closed its public finance unit, saying it will divest businesses where it does not have expertise.

New England's second-largest bank company confirmed Wednesday that it had sold approximately half of the commercial mortgage servicing rights of BancBoston Mortgage Corp., its Jacksonville, Fla.-based servicing subsidiary, to a mortgage company owned by Legg Mason Inc., a Baltimore-based investment bank.

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