PROVIDENCE - Fleet Financial Group said it has received all regulatory approvals necessary to close its $430 million acquisition of NBB Bancorp.

Under the terms of the agreement, shareholders of the New Bedford, Mass.-based NBB will receive 1.4 shares of Fleet stock and 2.5 million warrants.

The acquisition expands Fleet's franchise east from its Rhode Island headquarters to Cape Cod, Mass., and by more than 200,000 households and small businesses, the bank said.

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