New Jersey's Hudson United Bancorp has a deal to buy Lyon Credit Corp. of Stamford, Conn., for an undisclosed price.

Lyon Credit, a subsidiary of Credit Lyonnais Americas, originated $200 million in commercial finance transactions last year. It specializes in financing small energy projects. John Bowes, the company's president, would become a divisional president at Hudson United after the deal closes.

Kenneth T. Neilson, chairman of Mahwah, N.J.-based Hudson United, said the opportunity to sell bank products to Lyon customers "represents a significant opportunity for us to capture additional market penetration without adding infrastructure."

Hudson United, with $9 billion of assets, has 170 bank branches in three states. The company said Wednesday that it is merging with Dime Bancorp of New York to create a $32 billion-asset regional bank with 330 branches in four states.

The Lyon Credit deal is scheduled to close in the third quarter.

-- Louis Whiteman

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