New Haven Savings Bank in Connecticut has acquired Connecticut Bancshares Inc. and Alliance Bancorp of New England.
New Haven Savings Bank in Connecticut has acquired Connecticut
Bancshares Inc. and Alliance Bancorp of New England. Connecticut
Bancshares Inc. is the holding company for Savings Bank of Manchester,
which has $2.6 billion in assets; Alliance Bancorp of New England is the
holding company for Tolland Bank, which has $420.8 million in assets.
The acquisition is expected to make New Haven Savings Bank the
state's second-largest savings bank with $5.3 billion in assets.
COPYRIGHT 2003 Bank Marketing Assn.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.
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