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Stock Market & Financial Investment News

News Breaks
March 31, 2014
09:20 EDTRCKB, UBNKRockville Financial, United Financial receive regulatory approval for merger
Rockville Financial (RCKB) and United Financial Bancorp (UBNK) announced the two banks secured regulatory approval from the Massachusetts Board of Bank Incorporation of their application to merge Rockville Bank of Glastonbury, Connecticut, with United Bank of West Springfield, Massachusetts. This means Rockville Financial and United Financial have received all regulatory approvals required for their merger of equals to proceed, including from the Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, the Connecticut Department of Banking and now the Massachusetts Board of Bank Incorporation. The Office of the Comptroller of Currency also informed both companies previously that it does not intend to make any comments on the notice filed with it. United and Rockville have scheduled their respective special shareholder meetings for April 8, when shareholders will be asked to give their final approval of the merger.
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