The stockholder majority at Rockville Bank and United Bank joined state and federal regulators in giving the nod to their banks’ $369 million stock merger set to close at month’s end.
According to preliminary tallies, some 93 percent of Rockville Financial Inc. shares voted for the merger at Tuesday’s annual meeting. About 96 percent of United Financial Bancorp Inc. shares voted for the deal at their meeting later the same day, the banks said in a joint statement.
The merger of Rockville, based in Glastonbury, and United, based in West Springfield, would create a lender with around $5 billion in combined assets.
The surviving institution will have Glastonbury headquarters and be called United Bank.
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