MAHWAH, N.J. - Hubco Inc. and Jefferson National Bank said they would ask Jefferson shareholders this month to reaffirm their approval of its absorption by Hubco's Hudson United Bank.

The resolicitation was proposed by Mahwah-based Hubco when it entered into an agreement to buy Urban National Bank, Franklin Lakes, after its proposal to Jefferson. Hubco wanted shareholders of Jefferson, which is based in Passaic, to consider the merger before making their stock swap final.

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.