A New York investment group is planning to launch a minority-owned bank in Connecticut with three branches cast off by FleetBoston Financial Corp.

Urban Financial Group Inc. struck a deal this week to buy branches in Hartford and Bridgeport that Fleet Financial Group was ordered to divest as a condition of its purchase of BankBoston Corp. The investment group, run by Peter F. Hurst, a former lawyer for the Federal Deposit Insurance Corp., also plans to buy a branch in Bloomfield.

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