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Danvers Bancorp Stockholders Approve People’s United Acquisition

May 13, 2011 | Reprints | Unlock Link | Print

Danversbank_logo Stockholders of Danvers Bancorp Inc. voted today to approve the merger of Danvers into and with People’s United Financial Inc.

"We are grateful for our stockholders’ overwhelming support for this merger," said Kevin T. Bottomley, president and chief executive officer of Danvers.

In January, Connecticut-based People’s United Financial Inc. said it would acquire Danvers Bancorp Inc., the holding company for Danversbank, for approximately $493 million.

Banking & Lending