HADDONFIELD, N.J. - Covenant Bank said it has completed its acquisition of New Jersey Savings and Loan Association, based in Atco.

The transaction was structured as a thrift merger-conversion at no cost to Covenant. It was approved by Covenant shareholders in April, and regulatory approvals followed.

The acquisition adds $50 million in assets and three offices to Covenant, bringing its totals to $170 million and eight offices.

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