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ViewPoint Financial is on the verge of finalizing its $300 million acquisition of LegacyTexas Group, a deal that was delayed two times.
December 10 -
M&T Bancorp in Buffalo, N.Y., has once again delayed its planned purchase of Hudson City Bancorp in Paramus, N.J.
December 9 -
SmartFinancial in Pigeon Forge, Tenn., has agreed to merge with Cornerstone Bancshares in Chattanooga, Tenn.
December 8
ESB Bancorp in Easthampton, Mass.,
The $1 billion-asset ESB said in a press release Thursday that it will pay $53 million in cash for the $333 million-asset Citizens National. The deal is ESB's first acquisition, and it will provide the parent company of Easthampton Savings Bank with its first branches outside Massachusetts.
Citizens National has five branches in northeastern Connecticut, just across the southern Massachusetts border.
"We are very familiar with Citizens' market area and we are excited to grow through an expansion into the northeast Connecticut and central Massachusetts markets," Matthew Sosik, ESB's president and chief executive, said the in the release.
The acquisition is expected to close in the third quarter.
Kilpatrick Townsend & Stockton provided legal counsel to ESB. Sterne, Agee & Leach and Cranmore FitzGerald & Meany advised Citizens National.
