DALLAS - The investment banking firm First Southwest Co. and FleetBoston Financial Corp. announced a cross-selling deal Tuesday.

First Southwest will take over FleetBoston's New England-based financial advisory services, customers, and employees, assuming its municipal financial advisory operations in Massachusetts, Connecticut, Rhode Island, Maine, and New Hampshire.

Fleet will comarket products to First Southwest's 1,400 municipal and state government clients and to its customer base in the Southwest and Southeast.

The deal is expected to be completed in June.

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