BOSTON Fleet Financial Group Inc. said Tuesday that one of its subsidiaries has acquired the commercial origination and servicing operations of American Residential Holding Corp. for an undisclosed amount.

Fleet Management and Recovery Corp., with $1.4 billion in assets, purchased $300 million in commercial mortgage loan servicing assets and more than $40 million in nonperforming assets under management.

American Residential was acquired by Chase Manhattan Mortgage Corp. in September.

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