In a move to bulk up in some of its current markets, Keycorp agreed to buy Bank of Boston. Corp.'s Vermont and Maine banks for $198.5 million in cash.

With the sale, Bank of Boston is abandoning retail markets where it was a relatively small player, focusing instead on the more urban, wealthier southern parts of New England.

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.