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Article: Fairfield County, Conn., Bank's Acquisition Deal Approved by Regulators.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 4, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Richard Lee, The Stamford Advocate, Conn. Knight Ridder/Tribune Business News
Jun. 4--The state Department of Banking and the Federal Deposit Insurance Corp. have approved Fairfield County Bank's acquisition of the Bank of Westport. Headquartered in Ridgefield, Fairfield County Bank Corp. is a mutual bank operating Ridgefield Bank, with branches in Wilton and Georgetown, and Fairfield County Bank, which maintains branches in Norwalk, Darien, Rowayton and Fairfield.
With the acquisition, Fairfield County Bank Corp. will have $1.1 billion in assets and about $100 million in capital. The Bank of Westport brings more than $80 million in assets to ...