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Eastern Bank Acquires Fantini & Gorga

BOSTON-Locally-based Eastern Bank acquires Fantini & Gorga Inc., a Boston-based commercial mortgage and real estate investmentbanking firm. The bank hopes the move will strengthen its place in the Greater Boston commercial real estate market.

By Naomi Grossman | Updated on August 03, 2001

BOSTON-Locally-based Eastern Bank acquired Fantini & Gorga Inc. a Boston-based commercial mortgage and real estate investment banking firm. In a released statement, the bank says the move will strengthen its place in the Greater Boston commercial real estate market.

Eastern purchased a majority interest in Fantini & Gorga but terms of the deal were not disclosed. Eastern will merge Fantini & Gorga into its own commercial-mortgage operation, creating Fantini & Gorga/iCap Realty Advisors. Last February, Eastern helped create iCap Realty Advisors LLC, a commercial-mortgage firm that operates in 20 markets nationally.

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