The board of Shawmut National Corp. did not resolve issues relating to a merger with Bank of Boston Corp. when it met Tuesday night, according to a source close to the bank.

Bank of Boston's board of directors is meeting tonight, but no announcement is expected to be made after the meeting, according to well-placed sources.

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.