Southwestern Connecticut's Norwalk Savings Society has sold its nearly 10% stake in neighboring Hometown Bancorp., just three weeks after losing its bid for the Darien-based bank.

A filing with the Securities and Exchange Commission said the Norwalk- based thrift had sold 160,000 shares of Hometown for $2.7 million. Norwalk Savings made a profit of about $700,000 on its original investment.

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.