LAWRENCEVILLE, N.J. -- First Fidelity Bancorp. Thursday completed the previously announced acquisition of the Savings Bank of Rockland County (N.Y.) for $5.85 million in cash.
Stockholders will receive $9.00 in cash for each share of the privately held Rockland County bank.
The bank, with $169 million in deposits, more than 26,000 accounts and branches at Spring Valley, Nyack, Monsey, and Pomona, is being merged into First Fidelity Bank, New York.
First Fidelity, with $33.8 billion in assets, operates through it principal subsidiaries, First Fidelity Bank, New York, Union Trust Co., Connecticut, and First Fidelity Bank, with offices in New Jersey and Pennsylvania.