After receiving the go-ahead from the Federal Reserve Board last week, Shawmut National Corp. will purchase New Dartmouth Bank in June.
New Dartmouth Bank, which has two of its 37 branches in Hanover, is the state's second largest bank and has $1.7 billion in assets.
Shawmut, based in Boston, Mass. and Hartford, Conn., has $27 billion in assets and about 275 branches in Massachusetts, Connecticut and Rhode Island.
An official at Shawmut said he could not comment about what, if any changes, New Dartmouth Bank's customers could expect. Shawmut's symbol is an American Indian, and the official had "no clue" whether the bank would use the symbol in Hanover.
Shawmut proposed purchasing New Dartmouth Bank last year, but the Federal Reserve Board rejected the merger in November because Shawmut was being investigated for possible lending discrimination.
Shawmut has since settled the matter by allotting $960,000 to reimburse minority applicants who were denied mortgages.
New Dartmouth Bank was formed from the rubble of a major New Hampshire banking shakeup in late 1991.
