Cohoes Bancorp in upstate New York insists that it will proceed with a planned merger, despite speculation that a bidding war for the thrift could intensify.

Observers expect that more hostile bids for $727 million-asset Cohoes will surface before the thrift's shareholders vote Aug. 17 on a merger with $1.1 billion-asset Hudson River Bancorp of Hudson, N.Y.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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