WATERBURY, Conn. - Webster Financial Corp. has acquired $51 million- asset Shoreline Bank and Trust Co., Madison, Conn., for 266,500 shares of Webster stock.

Shoreline had deposits of $47 million and equity of $4 million.

The state-chartered institution was promptly merged into Webster's subsidiary, First Federal Bank, increasing that bank's offices by one, to 39.

Webster, with $2.8 billion of assets, is the holding company for First Federal and Bristol Savings Bank.

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