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FLEET FINANCIAL GROUP SELLS ADDITIONAL 1.3 MILLION SHARES OF COMMON STOCK

 PROVIDENCE, R.I., Feb. 23 /PRNewswire/ -- Fleet Financial Group (NYSE: FLT) announced today that the underwriters of its recent common stock offering have exercised a portion of their overallotment option. As a result, Fleet sold an additional 1,337,980 shares of common stock at $32.50, bringing the total amount of the common stock issue to 12,337,980 shares, or approximately $401 million.
 The offering was co-managed by Merrill Lynch & Co., The First Boston Corporation, Goldman, Sachs & Co., Lehman Brothers, Montgomery Securities, and Salomon Brothers Inc.
 Fleet Financial Group is a $47-billion diversified financial services company listed on the New York Stock Exchange (NYSE: FLT) with approximately 1,200 offices nationwide. Its lines of business include commercial and consumer banking, mortgage banking, consumer finance, asset-based lending, investment management, and student loan processing.
 -0- 2/23/93
 /CONTACT: Robert W. Lougee, Jr., 401-278-5879, Bruce P. Crooks, 401-278-6241; (media) Thomas L. Lavelle, 401-278-3003; (investor) Judith B. Ragge, 401-278-6444, all of Fleet Financial Group/
 (FLT)


CO: Fleet Financial Group ST: Rhode Island IN: FIN SU:

DD -- NE020 -- 9556 02/23/93 16:09 EST
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Publication:PR Newswire
Date:Feb 23, 1993
Words:183
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