SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 7, 1994
SHAWMUT NATIONAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 1-10102 06-1212629
(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) No.)
777 Main Street, Hartford, Connecticut 06115
One Federal Street, Boston, Massachusetts 02211
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (203) 728-2000
(617) 292-2000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
On March 7, 1994, the Board of Governors of the Federal
Reserve System (the "Board") announced that it will defer action
on a petition by Shawmut National Corporation ("Shawmut") seeking
reconsideration of the Board's November 15, 1993 decision not to
approve Shawmut's application to acquire all of the outstanding
voting shares of New Dartmouth Bank. The Board said that it
expects to consider the petition no later than May 2, 1994.
A copy of the Board's press release announcing such
deferral is attached hereto as Exhibit 99 and is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
The following exhibit is filed with this Current Report
on Form 8-K:
EXHIBIT
NUMBER DESCRIPTION
99 Press Release of the Board of Governors of the
Federal Reserve System, dated March 7, 1994.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
SHAWMUT NATIONAL CORPORATION
By: /s/ Joel B. Alvord
Joel B. Alvord
Chairman and Chief
Executive Officer
EXHIBIT INDEX
EXHIBIT PAGE
NUMBER DESCRIPTION NUMBER
99 Press Release of the Board of Governors of
the Federal Reserve System, dated March 7, 1994.
Exhibit 99
FEDERAL RESERVE press release Federal Reserve
Logo
For immediate release March 7, 1994
The Federal Reserve Board today announced it will defer
action on a petition by the Shawmut National Corporation seeking
reconsideration of the Board's decision dated November 15, 1993,
not to approve its application to acquire New Dartmouth Bank,
Manchester, New Hampshire.
The Board took this action in order to obtain additional
information relevant to evaluating Shawmut's record of performance
under the Community Reinvestment Act. This information includes
the results of the most recent fair lending examinations and a
Reserve Bank audit of data reported under the Home Mortgage
Disclosure Act for Shawmut's subsidiary banks and its mortgage
subsidiary.
The Board is also providing an opportunity for public
comment on Shawmut's request for reconsideration. Comments must
be received no later than March 31, 1994.
The Board expects to consider the petition no later than
May 2, 1994.
