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FLEET MORTGAGE GROUP FILES COMMON STOCK REGISTRATION

 FLEET MORTGAGE GROUP FILES COMMON STOCK REGISTRATION
 PROVIDENCE, R.I., April 23 /PRNewswire/ -- Fleet Financial Group


(NYSE: FLT) announced today that Fleet Mortgage Group, Inc., a wholly owned subsidiary, has filed a registration statement with the Securities and Exchange Commission to offer shares of common stock for sale to the public. The proposed underwriters are Goldman, Sachs & Co., First Boston Cviously indicated that we are considering the sale of a minority interest in Fleet Mortgage Group. While our final decision hinges on market conditions, the filing of a registration statement brings us one step closer to conducting a public offering. "
 Headquartered in Columbia, S.C., Fleet Mortgage Group operates a nationwide mortgage origination network. At year-end, its servicing portfolio was $58 billion, making it the nation's second largest mortgage servicer and originator.
 Fleet Financial Group is a diversified financial services company listed on the New York Stock Exchange with approximately 1,300 offices nationwide. Its lines of business include commercial and consumer banking, mortgage banking, consumer finance, asset-based lending, investment management, and student loan processing.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 4/23/92
 /CONTACT: Robert W. Lougee, Jr., vice president, corporate communications, 401-278-5879; Bruce P. Crooks, 401-278-6241; Thomas L. Lavelle (Media), 401-278-3003; or Judith B. Ragge (Investor), 401-278-6444/
 (FLT) CO: Fleet Financial Group; Fleet Mortgage Group ST: Rhode Island IN: FIN SU:


PB -- NE020 -- 2100 04/23/92 16:18 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
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