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Slide #88. United Financial Bancorp, Inc. — New England Bancshares, Inc.
United Financial Bancorp, Inc. (UBNK)
New England Bancshares, Inc.
United Financial Bancorp, Inc., the holding company for United Bank, today announced the completion of its acquisition of New England Bancshares, Inc. ("NEBS"), the holding company for New England Bank. As a result of the merger, NEBS was merged with and into UBNK, with UBNK as the surviving entity, and New England Bank was merged with and into United Bank, with United Bank as the surviving entity.
United Financial Bancorp is a financial holding company. Through its United Bank subsidiary, Co. provides financial services to individuals, families and businesses primarily in Connecticut and Massachusetts. Co. originates, purchases, and sells commercial loans, commercial real estate loans, residential and commercial construction loans, residential real estate loans collateralized by one-to-four family residences, home equity lines of credit and fixed rate loans, marine floor plan loans and other consumer loans. Co.'s deposit accounts consist of interest-bearing checking, non-interest-bearing checking, regular savings, money market savings and time deposits.
Open the UBNK Page at The Online Investor »
Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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