First Maryland Bancorp said Tuesday that it has signed a letter of intent to sell Hopper Soliday & Co., its investment banking and municipal underwriting unit, to Freedom Securities Corp., Boston.

Terms of the deal, which is expected to close on Dec. 31, 1998, were not disclosed.

Freedom Securities operates Tucker Anthony Inc. in the Northeast and Sutro & Co. in the West.

First Maryland Bancorp is the holding company for First National Bank of Maryland.

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