WASHINGTON -- In a closed-door meeting today, Federal Reserve officials are expected to consider overturning their denial of an acquisition bid by Shawmut National Corp.

If the board votes in favor of both reconsidering and reversing its earlier decision, Shawmut could receive the green light on its plan to acquire New Dartmouth Bank of Manchester, N.H., as early as this afternoon.

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.