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PBS 'HOMETIME' HOME IMPROVEMENT VIDEOS AVAILABLE FOR FREE RENTAL AT ALL BANK OF BOSTON CONNECTICUT BRANCHES

 PBS 'HOMETIME' HOME IMPROVEMENT VIDEOS AVAILABLE
 FOR FREE RENTAL AT ALL BANK OF BOSTON CONNECTICUT BRANCHES
 WATERBURY, Conn., April 9 /PRNewswire/ -- Beginning April 13, industrious homeowners considering spring home improvement projects can get free instruction as well as attractive financing through Bank of Boston Connecticut. Consumers can borrow, at no cost or obligation, any of six PBS-produced "Hometime" home improvement videos featuring the most popular projects at any of the bank's 41 branches.
 Bank of Boston Connecticut is the first bank in the nation to offer this comprehensive home improvement assistance program featuring both in-depth instructional videos and competitive financing options.
 "Homeowners planning home improvements need the wherewithal to turn their current home into their dream home. Many need information about the types of projects they are considering. Most need cash or credit. Bank of Boston Connecticut is offering free home improvement instruction with financial assistance at very good rates," said Ken Reed, director of retail marketing.
 The 30-60 minute PBS "Hometime" videos are ideal for do-it- yourselfers. Featuring home improvement guru Dean Johnson and new series co-host Susanne Egli, they offer in-depth instruction and hands-on demonstrations of the most common projects, including kitchen, bathroom and deck improvements; basic landscaping; finishing a basement; and home decorating. While the PBS "Hometime" videos are currently being sold in retail stores for $10 each, these six videos may be borrowed at no charge by anyone who visits a Bank of Boston Connecticut branch through June 19. No deposit is required.
 Homeowners who seize the opportunity to borrow one or more videos may also want to take advantage of Bank of Boston Connecticut's Home Equity Loan, competitively priced at 10.75 percent for one to five year repayment terms or 11.25 percent for six to 10 year repayment terms (effective April 13), or the bank's Home Equity Line of Credit, priced at the Prime Rate plus 0 percent through Dec. 31, 1992.
 Home equity loans and home equity lines of credit offer attractive financing options for consumers planning large or small home improvements. Consumers can also use home equity loans and home equity lines of credit for any other financial need, such as college tuition payments or the purchase of a new vehicle. These products, which use the equity in the home as collateral, enable lenders to offer lower interest rates than those on unsecured personal loans. The amount that a customer may borrow is based on the amount of existing equity in the home. In some cases, consumers may enjoy significant tax benefits, since interest on home equity credit may be tax deductible.
 Home improvement projects continue to become more popular every year. According to the National Association of the Remodeling Industry, Americans spent $111 billion on remodeling last year, up from $80.3 billion in 1985 and $49.3 billion in 1983.
 Consumers who want more information about the videos should contact the nearest Bank of Boston Connecticut branch. Homeowners who seek more specific information about Bank of Boston Connecticut's home equity products should visit a branch or they can call 1-800-548-LOAN for information by phone.
 Bank of Boston Connecticut is a subsidiary of Bank of Boston Corporation (NYSE: BKB), a New England-based superregional bank holding company with assets of $32.7 billion. Bank of Boston's other major banking subsidiares are The First National Bank of Boston, headquartered in Boston; Casco Northern Bank, N.A. of Maine; Rhode Island Hospital Trust National Bank; and Bank of Vermont.
 -0- 4/9/92
 /CONTACT: Phil Margolis of Bank of Boston Connecticut, 203-574-7338; or Kellie Foster or Ann Seamonds of Ingalls, Quinn & Johnson, 617-954-1673/1665, for Bank of Boston/
 (BKB) CO: Bank of Boston ST: Massachusetts IN: SU:


EG -- NE002 -- 6580 04/09/92 08:31 EDT
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Date:Apr 9, 1992
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