Norwalk Savings Society has agreed to sell two branches to Savings Bank of Danbury with $45 million in deposits for a 7.5% premium, or $3.4 million.

No loans or investment securities are being sold by Norwalk. All Norwalk employees at the two branches would be retained by Danbury, which currently has three branches.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.