WINDSOR, Conn. - New England Community Bancorp has completed its takeover of Equity Bank, Wethersfield, Conn.

Equity will operate as a separate bank subsidiary of New England, which also operates New England Bank and Trust Co., with eight branches in north- central Connecticut.

In the merger deal, Equity shareholders will receive 1.85 shares of New England stock for each share of Equity stock.

The new company has combined assets of $325 million.

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