United Bank, Rockville Bank Complete Merger
ROCKVILLE, Conn. (AP) — Rockville Bank has completed its merger with United Bank and will lose the name it has used for 156-years.
The combined institution will be called United Financial Bancorp and will have assets of about $5 billion.
Bank officials tell the Journal Inquirer of Manchester the merger, which was completed on Wednesday, will not have an immediate impact on Rockville Bank customers. They will still be able to use their current checks and debit cards with the Rockville name on it.
The deal, announced in November, was valued at $369 million. The combined bank will operate 50 branches in Connecticut and Massachusetts and have its headquarters in Glastonbury. United Bank was based in West Springfield, Massachusetts.
Information from: Journal Inquirer, http://www.journalinquirer.com