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New Haven Savings Bank Announces Regulatory Approvals from the FDIC and Federal Reserve Bank of Boston.

Publication: Business Wire
Publication Date: 27-FEB-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

NEW HAVEN, Conn.--(BUSINESS WIRE)--Feb. 27, 2004

New Haven Savings Bank (NHSB) announced today that the Federal Deposit Insurance Corporation (FDIC) has approved its application to merge with Connecticut Bancshares Inc. (NASDAQ: SBMC), the holding company for The Savings Bank of Manchester, and Alliance Bancorp of New England (AMEX: ANE), the holding company for Tolland Bank. Separately, The Federal Reserve Bank of Boston has approved the formation of a bank holding company called NewAlliance Bancshares, Inc., and has provided consent for the holding company to acquire NHSB, Connecticut Bancshares Inc. and...

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