The sudden forced resignations of the top two executives at Boston Bancorp Feb. 10 has left area bankers and analysts scratching their heads.

The company's chairman and chief executive, Richard Laine, and its president, Paul Archibald, resigned at the request of the board shortly after board members received a stinging examination report from the Federal Deposit Insurance Corp. Neither executive received severance pay, and the thrift has also canceled their remaining stock options.

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