HARTFORD, Conn -- Shawmut National Corp. said it expects to complete its acquisition of Peoples Bancorp of Worcester on May 23.

Shawmut received notification that the Federal Reserve Board had waived jurisdiction over the matter, clearing the way for rapid completion.

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.