Boston Private buys bank to get into Northwest
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Yesterday's $70.8 million acquisition of Charter Financial Corp. by Boston Private Financial Inc. positions Boston Private to try to sweep up millions of dollars in new wealth that it believes is piling up in the Northwest.
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One Beacon Street, one of Boston's earliest prominent office towers, was sold yesterday for about $340 million, the third time in two years a sale had been in the works for the 34-story building.
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A preferred buyer for the National Irish and Northern banks is expected to be announced by their parent this morning. National Australia Bank is due to make an announcement to the stock exchanges in Melbourne and London.
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Toronto-Dominion Bank said Thursday it will buy a majority stake in Maine&#39;s Banknorth Group Ltd. for $5-billion in cash and stock, marking the bank&#39;s first move into US branch banking.
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Bank of America says it&#39;s moving one of its four major business lines to Boston. The news of the decision to move the Wealth and Investment Management Business to Boston comes
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Toronto-Dominion Bank , Canada's second-largest lender, plans to make ''major acquisitions&quot; in the United States over the next few years after completing its proposed $3.1 billion purchase of a majority stake in Banknorth Group Inc. , chief executive Edmund Clark said.
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The 322-room Tremont Boston was sold to Highland Hospitality Corp., a Virginia-based real estate investment trust that purchased the hotel along with three others for $227 million from Wyndham International Inc.
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The landmark Hecht Co. distribution center in Northeast Washington has been bought by a Philadelphia developer who plans to incorporate the historic structure into a new retail hub off New York Avenue.
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Bank of Montreal, Canada&#39;s fifth largest bank, said Wednesday it plans to buy privately held Mercantile Bancorp Inc., as well as the stock of Lake Commercial Corp.
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TORONTO (CP) - TD Bank confirmed Thursday it will buy mid-sized New England retail bank Banknorth for $3.8 billion US in a cash-and-shares deal.
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Toronto-Dominion Bank is in the final stages of negotiations to take a controlling interest in New England regional bank Banknorth Group Inc. in a transaction worth as much as $3.5 billion, according to executives involved in the talks.
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AUGUSTA, Maine -- A Maine company has acquired a Massachusetts boat builder and plans to relocate the business to Maine.
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Wachovia Corp. aims to increase its profile in the Northeast and Southwest by expanding its wealth-management division. The bank, based in Charlotte, said yesterday that it is buying Tanager Financial Services Inc.
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The Toronto-Dominion Bank confirmed on Wednesday that it was negotiating to buy all or part of the Banknorth Group, which has branches in five New England states and upstate New York.
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Capital One Financial Corp.  said on Friday it completed its $13.2 billion purchase of North Fork Bancorp Inc., becoming the 11th-largest U.S. banking company and third-largest retail bank by deposits in the New York metropolitan area.
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The Blackstone Group officially took possession of about 12 million square feet of office property in the Boston area yesterday as it completed the nation's largest private real estate purchase ever, from Equity Office Properties Trust for $39 billion .
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Restaurant operator branches out with purchase of the Golden Nugget.