Bank of Boston Corp. and Shawnut National Corp. once again are at a critical point in their long-running discussions about a merger that would create New England's largest bank company, soruces said.

Shawmut's board met Wednesday in Hartford to discuss whether to go ahead with the proposal, a bank official confirmed. Bank of Boston's board was scheduled to meet today, but a special meeting to approve a deal could be convened at any time, source said.

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