The Friday article “People’s of Mass. to Dump Assets Amid Calls for Sale” on page 20 was out of date on the restrictions under which People’s Bancshares of New Bedford is working.

Though correct in stating that early in December the Boston Fed had barred it from paying any dividends, the story should have added that later in the month People’s was authorized to pay dividends on subordinated debentures issued in connection with its trust-preferred securities.

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