BankBoston Retail Finance Inc. Completes Record Year; Former Subsidiary of BankBoston, N.A. Officially Changes Name.Business Editors BOSTON--(BUSINESS WIRE)--Jan. 20, 2000 BankBoston Retail Finance completed a record year in 1999, with a 164 percent increase in agented commitments over 1998. The company begins 2000 with a new name, Fleet Retail Finance Inc., a result of the merger between BankBoston and Fleet Financial Group, and the exciting challenge of topping the 26 transactions that totaled more than $3 billion in agented commitments closed last year. &uot;The dynamic U.S. economy, combined with the constantly changing nature of the retail industry, has dramatically increased the demand for creative, flexible underwritings,&uot; said Ward K. Mooney, president of Fleet Retail Finance. &uot;We provided clients in diverse retail segments with a variety of financing products and services. We are confident that we have the experienced staff and industry expertise to continue this momentum in 2000.&uot; The following are selected companies that received funding from BankBoston Retail Finance in 1999: -- Bass Pro -- Bradlees -- Garden Botanika -- Homebase -- Homeplace of America -- Illuminations.com -- J. Baker -- Laura Ashley Laura Ashley CBE, (7 September 1925–17 September 1985) was a Welsh designer. She became a household name on the strength of her work as a designer and manufacturer of a range of colourful fabrics for clothes and home furnishings. -- Lechters -- Paper Warehouse -- Peoples Pottery -- Sports Authority Sports Authority is the USA's largest full line sporting goods retailer. The company is headquartered in Englewood, Colorado. It operates over 400 stores in 45 U.S. states under the Sports Authority name. Total sales for the fiscal year ending January 29 2005 were $2.44 billion. FleetBoston Financial FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were given the Bank of America logo. is the nation's second-largest underwriter to retailers according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Loan Pricing Corporation's DealScan, a database of nearly $5 trillion in C& loans. Through Fleet Retail Finance, Fleet's Retail &Apparel Division and Robertson Stephens, a wide variety of financial services, including investment banking and equity research, are available to companies in all phases of growth. Fleet Retail Finance Inc. is one of the leading asset-based lenders in the U.S. exclusively devoted to the retail industry. The company's staff, many of whom are former retailers, bring a wide range of expertise to each relationship. Fleet Retail Finance provides asset-based working capital loans, long-term capital for expansion, turnaround financing, capital markets advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , global trade finance and cash management services. Since its inception in 1992, the company has agented more than $5.5 billion in financing to retailers across the U.S., Canada and the UK. Fleet Retail Finance is a subsidiary of FleetBoston Financial, the eighth-largest bank holding company in the United States, a $190 billion diversified financial services company offering a comprehensive array of innovative financial solutions to 20 million customers in some 20 countries. FleetBoston Financial is headquartered in Boston and listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange : FBF FBF Forearm Blood Flow FBF Frankfurt Book Fair FBF Feedback Form FBF Frame by Frame (animation technique) FBF FleetBoston Financial Corporation (stock symbol) FBF Fundamental Baptist Fellowship ). |
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