New Dartmouth Bank, Inc., Manchester, NH, the second largest thrift in New Hampshire, was created in 1991 through the acquisition, and merger, of three failed savings and loans from the FDIC. Northwood participated in the equity funding at inception. In 1994, New Dartmouth was acquired for stock by Shawmut National Corp., which was subsequently acquired by FleetBoston Financial Corporation, which was later acquired by Bank of America Corporation. Our position was liquidated through open market sales.

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