The Justice Department approved CoreStates Financial Corp.'s acquisition of Meridian Bancorp Monday after the bank agreed to divest 11 branches with $444 million of deposits.

The deal now goes to the Federal Reserve Board for final approval.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.