Fleet Financial Group's acquisition of Shawmut National Corp. will markedly increase Fleet's formidable presence in mortgage banking.

Fleet has been on a buying spree in home lending. In addition to the Shawmut deal, Fleet is planning to buy California's Plaza Home Mortgage Corp. and the publicly held portion of Fleet Mortgage Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.