Eagle Financial Corp. has completed its purchase of four former Shawmut National Corp. branches and one Fleet Financial Group Inc. branch in greater Hartford.
Eagle will also consolidate two of its existing branches into new branch sites.
The branches were divested by Fleet to satisfy Justice Department and state antitrust concerns over its merger with Shawmut.
The $1.3 billion-asset thrift bought the branches, with $49 million in loans and $290 million in deposits, as part of a consortium deal with Webster Financial Corp., Waterbury, which bought 20 other Shawmut branches in the Hartford market.
Eagle is also preparing to sell seven other branches to Union Savings Bank, Danbury, for a 9% premium. The branches, which have $181 million in deposits, were part of acquisitions made in 1992 in the Danbury area, but Eagle officials have since decided to focus their market on Hartford. The sale is expected to close today.