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Article: Waltham Savings Bank to acquire Lexington Savings Bank.
- Article from:
- PR Newswire
- Article date:
- May 9, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. 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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WALTHAM SAVINGS BANK TO ACQUIRE LEXINGTON SAVINGS BANK
WALTHAM, Mass., May 9 /PRNewswire/ -- John C. Warren, president and chief executive officer of Waltham Savings Bank Waltham, Mass., a wholly owned subsidiary of the Waltham Corporation, (NASDAQ: WLBK) and William G. Gothorpe, president and chief executive officer of Lexington Savings Bank (NASDAQ: LEXB), Lexington, Mass., today announced the signing of a definitive agreement for Waltham Savings Bank to acquire Lexington Savings Bank.
Under the agreement, Waltham Savings Bank would acquire all the outstanding common stock of Lexington Savings Bank at a price of $10.75 per share. The total purchase ...