Shawmut Bank takes over
By Michelle Francois | June 30, 1994Many students returned to campus after the interim period expecting to make their usual transactions with New Dartmouth Bank, only to find it had been acquired by Shawmut, a bank which is part of a national corporation based in New England. Shawmut Bank, having $31 billion in assets, officially came into operation on June 6, said Vin Loporchio, Shawmut's media relations spokesman. "There will be a full conversion in the next few weeks," he said.