BNC Financial Group (BNFI) in New Canaan, Conn., is planning to change its name to Bankwell Financial.
Shareholders of the $625 million-asset company were asked to approve the name change at an annual meeting Wednesday. The company said in a regulatory filing that it plans to merge its two banks Bank of New Canaan and Bank of Fairfield in September under the Bankwell brand.
"The new name will allow us to present a consistent marketing image and to distinguish ourselves as the local bank that allows its customers, businesses and communities to thrive," the company said in proxy materials for this week's meeting.
Earlier this month, BNC Financial announced plans to buy the $75 million-asset Wilton Bank (WIBW) in Connecticut for $5 million.