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Enter the Bank of Ireland
A chance for makin' of the green
While many local banks are seeing red as their bad loans mount, Bank of Ireland expects to see green as it proceeds with plans to open a bank in Boston this January.
Originally, the $22-billion-asset bank had expected to open the office in September, then it moved the date up to November. But the bank is still waiting for the Office of the Comptroller of the Currency (OCC) to approve its national bank charter.
"We're not as far down the road as we'd thought we'd be," said Bernard Hayes, who will be president of the new subsidiary, which at this point will be called Bank of Ireland, First National Bank of Massachusetts.
Hayes said he didn't know what was holding up the OCC's decision. Given …