Continuing to expand northward, First Fidelity Bancorp. on Monday said it will buy Greenwich Financial Corp., a thrift holding company with $412 million of assets based in Connecticut's affluent Fairfield County.

First Fidelity, New Jersey's largest banking company, said it would pay $41.9 million in cash, or 1.26 times book value, for Greenwich Financial. The thrift's lead subsidiary, Greenwich Federal Savings and Loan, operates seven offices in and around Greenwich and Stamford,

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