The Online Investor
Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Fri., Mar. 29, 3:52 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #40. New Hampshire Thrift Bancshares, Inc Central Financial Corporation

Acquirer: New Hampshire Thrift Bancshares, Inc (NHTB)
Acquiree: Central Financial Corporation
Details: New Hampshire Thrift Bancshares, Inc. (the "Company") (NASDAQ: NHTB) today announced that it completed its acquisition of Central Financial Corporation, expanding the Company's presence in Vermont. Under the terms of the agreement, Central Financial Corporation merged with and into the Company, with the Company being the surviving corporation of the merger. Additionally, The Randolph National Bank, a wholly owned subsidiary of Central Financial Corporation, merged with and into Lake Sunapee Bank, fsb ("Lake Sunapee Bank"), a wholly owned subsidiary of the Company, with Lake Sunapee Bank continuing as the surviving entity. Shareholders of Central Financial Corporation approved the acquisition, and Lake Sunapee Bank and The Randolph National Bank received the required regulatory approvals.

New Hampshire Thrift Bancshares is a savings and loan holding company. Co.'s market area is concentrated in the counties of Cheshire, Hillsborough, Grafton, Merrimack and Sullivan in central and western New Hampshire and the counties of Rutland and Windsor in Vermont. Co. provides real estate loans, real estate construction loans, consumer loans, commercial loans, and municipal loans. Co. provides a range of deposit accounts with a range of interest rates and terms. Co.'s deposits consist of business checking, money market accounts, savings, Negotiable Order of Withdrawal and certificate accounts. As of Dec 31 2013, Co. had total assets of $1.42 billion and total deposits of $1.09 billion.

Open the NHTB Page at The Online Investor »

Company Name: 
Lake Sunapee Bank Group
Website: 
www.nhthrift.com
Sector: 
Credit Services & Lending
 

Open the NHTB Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree NHTB Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Credit Services & Lending M&A - Slide 40 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2024, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.