Acquisition of LSB Corporation by People's United Financial, Inc. Receives Final Regulatory Approval
16 Noviembre 2010 - 1:45PM
Marketwired
LSB Corporation (NASDAQ: LSBX) announced that regulators have
approved the acquisition of LSB Corporation by People's United
Financial, Inc. and the related merger of River Bank into People's
United Bank in accordance with the definitive merger agreement
announced July 15, 2010. The shareholders of LSB Corporation
approved the merger agreement on October 27, 2010. The companies
expect to complete the transactions (which remain subject to the
satisfaction or waiver of other customary closing conditions) on or
after November 30, 2010.
Forward-Looking Statements
This news release contains certain forward-looking statements
about the proposed merger of LSB Corporation and People's United
Financial, Inc. These statements include statements regarding the
anticipated closing date of the transaction. Forward-looking
statements can be identified by the fact that they do not relate
strictly to historical or current facts. They often include words
like "believe," "expect," "anticipate," "estimate," and "intend" or
future or conditional verbs such as "will," "would," "should,"
"could" or "may." Certain factors that could cause actual results
to differ materially from expected include delays in completing the
merger and changes in the securities markets.
Press releases and SEC filings can be viewed on our website
www.RiverBk.com under the "About Us" tab.
LSB Corporation is a Massachusetts corporation that conducts all
of its operations through its sole subsidiary, River Bank (the
"Bank"). The Bank offers a range of commercial and consumer loan
and deposit products and is headquartered at 30 Massachusetts
Avenue, North Andover, Massachusetts, approximately 25 miles north
of Boston. River Bank operates 5 full-service banking offices in
Massachusetts in Andover, Lawrence, Methuen (2) and North Andover
and 2 full-service banking offices in New Hampshire in Derry and
Salem.
CONTACT: Gerald T. Mulligan President & CEO (978)
725-7555
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