HAWTHORNE, N.Y.--Shareholders of Peoples Westchester Savings Bank approved the proposed merger of the bank into First Fidelity Bank, a unit of First Fidelity Bancorp.

More than 80% of shares outstanding were voted in favor of the merger at a special shareholders meeting, according to First Fidelity. Pending the approval of the Office of the Comptroller of the Currency, the merger is expected to take place by the end of this year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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