Liberty Bank's Merger With Naugatuck Valley Savings and Loan Receives Approval of Connecticut Department of Banking

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Liberty Bank, headquartered in Middletown, Connecticut, and Naugatuck Valley Financial Corporation, headquartered in Naugatuck, Connecticut
NVSL
, today announced that the State of Connecticut Department of Banking has approved the proposal to merge Naugatuck Valley Savings and Loan, the bank subsidiary of NVSL, into Liberty Bank. The transaction is expected to close in the first quarter of 2016. Stockholders of NVSL will be entitled to receive $11.00 in cash for each common share of NVSL stock.
Posted In: NewsM&APress Releases
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