BOSTON - Bank of Boston Corp.'s directors have approved a repurchase program for up to $150 million of the company's common stock.

Shares purchased under this program will be used for employee benefit and director plans, the dividend reinvestment plan, shares which may be issued in connection with its convertible subordinated debentures, and future earnings payouts in connection with the acquisition - completed last month - of Ganis Credit Corp..

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.