SBT Bancorp., parent of Simsbury Bank & Trust Co., says state and federal bank regulators have given final blessing to its $71 million all-cash combination with Middletown’s Liberty Bank.
SBT said Tuesday the state Department of Banking, which regulates state-chartered lenders, and the Federal Deposit Insurance Corp. have approved their merger. Stockholders in each have already approved it.
The merger announced March 21 is set to close in October.
