United Bank – Rockville Bank Merger Complete

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

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Connecticut

The Latest UConn News
CT Business Spotlight

Listen Live