FLEET/NORSTAR EXPANDS PRESENCE IN MASSACHUSETTS;
ANNOUNCES GRAND OPENING OF FLEET BROKERAGE SERVICES IN BOSTON
BOSTON, Nov. 6 /PRNewswire/ -- Fleet/Norstar Financial Group (NYSE: FNG) today expanded its presence in Massachusetts with the grand opening of a Fleet Brokerage Services branch office at One Beacon Street, Boston.
Frieda Lewis, president and chief executive officer of Norstar Brokerage Corp., the parent organization of Fleet Brokerage Services, said, "We are delighted to open an office in Boston. We think there are tremendous opportunities for us here and we look forward to building our customer base and becoming part of the Boston business community."
At its new Boston office, Fleet Brokerage Services will offer an array of investment products and services including: stocks, corporate and municipal bonds, options, more than 400 mutual funds, money market funds, unit investment trusts and self-directed IRAs, all at discounted commission rates.
As an added convenience, customers can open discount brokerage accounts and drop off securities once an account is established, at any Fleet Bank branch in the state if they are unable to visit the downtown Boston office.
Customers who visit the Boston office between 8 a.m. and 6 p.m. today (Wednesday, Nov. 6), and open a discount brokerage account will be able to execute their first trade commission-free.
Lewis said that Fleet Brokerage Services, which offers commissions that are up to 77 percent less than full-service brokers, backs each transaction with a 100 percent customer satisfaction guarantee. If the customer is not completely satisfied with the execution of an order, the commission is refunded in full with no questions asked.
Fleet Brokerage Services and its parent, Norstar Brokerage, have been serving the discount brokerage needs of more than 350,000 independent investors since 1976. Branch offices are located nationwide. A self-clearing broker/dealer, Fleet Brokerage Services holds memberships on the New York Stock Exchange, Midwest Stock Exchange, National Association Securities Dealers, SIPC, Depository Trust Company, National Securities Clearing Corp., and Options Clearing Corp.
Fleet/Norstar Financial Group is a diversified financial services company listed on the New York Stock Exchange. Fleet/Norstar has approximately 1,300 offices nationwide. Its lines of business include commercial and consumer banking, mortgage banking, consumer finance, asset-based lending, trust banking, student loan processing and investment banking.
/CONTACT: Robert W. Lougee Jr., director of corporate communications, 401-278-5879, or Bruce P. Crooks, 401-278-6241, or Charles T. Conway Jr., 401-278-6240, or Thomas L. Lavelle, 617-573-7733, of Fleet/Norstar Financial Group/
(FNG) CO: Fleet/Norstar Financial Group ST: Massachusetts IN: FIN SU: SH -- NE005 -- 1583 11/06/91 10:08 EST