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Shareholders Approve Naugatuck Valley Financial, Liberty Bank Merger

October 15, 2015 | Reprints | Unlock Link | Print

Shareholders of Naugatuck Valley Financial Corp. have approved the company’s pending merger with Liberty Bank.

The merger is expected to close in the first quarter of 2016, and is still subject to additional closing conditions.

The $78 million sale, announced in June, calls for Naugatuck Valley Financial stockholders to receive $11 per share in cash.