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BANK OF BOSTON ACQUISITION OF MULTIBANK APPROVED BY STATE

 DEDHAM, Mass., July 8 /PRNewswire/ -- Multibank Financial Corp. (NASDAQ-NMS: MLTF) today announced that the Massachusetts Board of Bank Incorporation has approved the application of Bank of Boston Corporation (NYSE: BKB) to acquire Multibank.
 Commenting, Multibank Chairman David B. Lynch, said, "We are pleased by this development and expect a closing to take place soon."
 Multibank is a registered bank holding company with three Massachusetts banks. The company's stock is traded on the over the counter market and is listed and quoted through the NASDAQ National Market System under the symbol MLTF.
 -0- 7/8/93
 /CONTACT: Alan B. Neville, vice president, Multibank, 617-461-5572/
 (MLTF BKB)


CO: Multibank Financial Corporation; Bank of Boston Corporation ST: Massachusetts IN: FIN SU: TNM

DJ-CM -- NE011 -- 9654 07/08/93 16:17 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
Words:128
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