MAHWAH, N.J. - Hubco Inc. has agreed to buy three New Jersey branches of Crossland Federal Savings Bank for a 5% deposit premium.

The branches, which have $69 million in deposits, are in Cliffside Park, Fords, and Rahway. The latter two are new markets for $1.6 billion-asset Hubco, which has made 11 acquisitions in the last five years.

Brooklyn Bancorp, parent of Crossland, is being acquired by Republic New York Corp. for $530 million, or 140% of book value.

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