New Canaan’s Bankwell Bank said it has acquired The Wilton Bank, a one-branch institution in Wilton that has booked losses since 2009.
Bankwell, led by former NewAlliance Bank CEO Peyton Patterson, will have six branches following the deal, which has been approved by federal regulators and is expected to close by year’s end. The banks said they expect state approval soon.
Bankwell also said today it has raised $6.2 million in capital through the sale of 370,000 shares to a single investor.
