The Friday article Peoples of Mass. to Dump Assets Amid Calls for Sale on page 20 was out of date on the restrictions under which Peoples Bancshares of New Bedford is working.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 Peoples was authorized to pay dividends on subordinated debentures issued in connection with its trust-preferred securities.