FIDELCOR &lt;FICR> UNIT ACQUIRES LAZERE FINANCIAL

  Fidelcor Inc's Fidelcor Business Credit
  Corp subsidiary said it reached a definitive agreement to
  acquire a substantial portion of the Bank of New England Corp's
  &lt;BKNE> Lazere Financial Corp's assets.
      Terms of the acquisition were not disclosed. The
  acquisition is subject to approval of the Federal Reserve
  Board.
      Fidelcor said it would acquire most of Lazere's loan
  portfolio and other assets, including its Miami office. It said
  it plans to hire the majority of Lazere's 100 employees.
  

