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Slide #40. New Hampshire Thrift Bancshares, Inc — Central Financial Corporation
New Hampshire Thrift Bancshares, Inc (NHTB)
Central Financial Corporation
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.
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