Cape Cod Bank and Trust Co. has agreed to buy two Massachusetts branches from Fleet Financial Group for an undisclosed price, in a deal stemming from the divestiture of banking offices in connection with Fleet's merger with BankBoston Corp.

Cape Cod, which has $1.2 billion of assets, will purchase Fleet branches in Falmouth and Wareham. After the branches are converted, Cape Cod will operate 28 offices.

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