Bank of Boston Corp. does not plan to raise capital for its pending $247 million cash purchase of BankWorcester Corp.. said William Shea, chief financial officer.

In June the Federal Reserve Board forced the Boston bank to raise $170 million of capital for its purchase of Multibank Financial Corp.. Dedham, Mass.

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.