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People’s United, Danvers Bancorp Announce Election Deadline For Danvers Stockholders

May 25, 2011 | Reprints | Unlock Link | Print

PeoplesUnitedLogo Bridgeport-based People’s United Financial Inc. and Massachusetts-based Danvers Bancorp Inc. announced that June 2 at 5 p.m. is the deadline for Danvers stockholders to make elections regarding the form of merger consideration to be received in connection with the pending merger of Danvers with and into People’s United.

Danversbank_logo The closing of the merger, which remains subject to approval by the Office of the Massachusetts Commissioner of Banks and the Massachusetts Board of Bank Incorporation and the satisfaction or waiver of other customary closing conditions, has not yet been scheduled, according to a statement.

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