Rockville Financial, United Financial Bancorp Receive Approvals For Merger

(RTTNews) - William Crawford IV, President and CEO of Rockville Bank and Rockville Financial, Inc. (RCKB), and Richard Collins, Chairman, President and CEO of United Financial Bancorp, Inc. (UBNK) announced that the Connecticut Department of Banking has approved Rockville Bank's application to merge with United Bank of West Springfield, Massachusetts.

It is noted that Rockville Financial, Inc. and United Financial Bancorp, Inc. have now secured approvals from four of the five regulators they submitted applications to, including the Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System and the Connecticut Department of Banking. The Office of the Comptroller of Currency also informed both Companies that it does not intend to make any comments on the notice filed with it. The Massachusetts Board of Bank Incorporation application is still pending.

In November, Rockville and United publicly announced their strategic merger of equals, a stock-for-stock transaction valued at $369 million.