Bank of Boston Corp. will continue its hunt for an acquisition in Latin America despite last week's decision to pull out of the bidding for Brazil's Banco do Estado do Rio de Janeiro SA.

"Brazil is one of the countries we are most interested in expanding in," said John Kahwaty, head of investor relations at Bank of Boston.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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