Shawmut National Corp. said Thursday that federal regulators have lifted operating restrictions first imposed on New England's third-largest bank beginning in 1990.

The bank had entered agreements with the Office of the Comptroller of the Currency and the Federal Reserve Bank of Boston that focused on the need to improve asset quality and credit administration.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.