LAWRENCEVILLE, N.J. -- First Fidelity Bancorp. said it plans to acquire the Spring Valley, N.Y.-based Savings Bank of Rockland County, a privately held, state-chartered savings bank, for $5.85 million in cash.
Under the terms of a definitive merger agreement, holders of Savings Bank of Rockland common stock will receive $9 in cash for each share.
Savings Bank of Rockland has four offices, $185 million of assets, and $173 million of deposits.
The briefs were compiled from staff and wire reports.
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