Rockville Bank Corp.

Glastonbury's United Financial Bancorp Inc. says costs tied to its merger three months ago with a former Springfield rival drove its profits into the red in the second quarter.

Retired Connecticut banker Joseph F. Jeamel Jr., who spent nearly 25 years shaping former Rockville Bank before its merger two months ago with Springfield rival United Bank, is retiring from the successor institution's board, effective today.

The predecessor to Glastonbury's United Bank posted lower first-quarter net income after reflecting the costs of former Rockville Bank's recent $369 million merger with a West Springfield lender of the same name.

Glastonbury's Rockville Bank and United Bank in West Springfield are now one institution with nearly $5 billion in assets, with the formal completion of their $369 million all-stock merger.

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.

Merger partners Rockville Bank of Glastonbury and United Bank of West Springfield have cleared their final regulatory hurdle and now await the approval of their stockholders to close their $369 million merger.

Rockville Bank has officially opened its new Hamden branch to customers.

Rockville Bank's parent posted a sharp drop in fourth quarter net profit due to extra staffing and costs tied to its pending merger with a Massachusetts competitor.

Glastonbury lender Rockville Bank is opening a pair of new loan production offices in Fairfield and in Massachusetts.

West Springfield, Mass. lender United Financial, which hopes to merge this year with Rockville Financial, booked a $4 million profit in its fourth quarter, reversing a $4.7 million loss from a year earlier.