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FLEET/NORSTAR FINANCIAL GROUP FILES SHELF REGISTRATION

 FLEET/NORSTAR FINANCIAL GROUP FILES SHELF REGISTRATION
 PROVIDENCE, R.I., Feb. 12 /PRNewswire/ -- Fleet/Norstar Financial Group, Inc. (NYSE: FNG) announced today that it has filed with the Securities and Exchange Commission a registration statement under Rule 415 covering up to $892,900,000 of senior or subordinated debt securities and warrants to purchase senior or subordinated debt securities.
 The securities may be offered from time to time directly by the company or through underwriters including Salomon Brothers Inc., Merrill Lynch Capital Markets and others, at amounts, prices, interest rates and other terms to be determined at the time of the offering.
 Net proceeds of the proposed sale of the securities will be used for general corporate purposes, principally to extend credit to, or fund investments in, Fleet/Norstar's subsidiaries.
 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, and student loan processing.
 -0- 2/12/92
 /CONTACT: Robert W. Lougee, Jr., 401-278-5879, or Charles T. Conway, Jr., 401-278-6240, or Bruce P. Crooks, 401-278-6241, or Thomas L. Lavelle, 617-573-7733, of Fleet/Norstar/
 (FNG) CO: Fleet/Norstar Financial Group ST: Rhode Island, New York IN: FIN SU:


SH -- NE008 -- 9179 02/12/92 11:00 EST
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Publication:PR Newswire
Date:Feb 12, 1992
Words:228
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