Two major banks are bidding for Arbor National Mortgage, sources said - and a deal may be close at hand.

Bank of Boston Corp. and Shawmut National Corp. are both said to be interested in the Westbury, N.Y.-based lender.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.