Hubco Inc. said its Connecticut subsidiary, Lafayette American Bank and Trust Co., had completed the separate acquisitions of UST Bank Connecticut and Westport Bancorp.
Terms were not disclosed in either deal. UST Bank Connecticut was purchased in cash from UST Corp.
When the deals were announced, UST had $112 million of assets and four offices in Fairfield County and Westport had $307 million of assets.
The deals pushed Lafayette's assets to $1.3 billion and brought it up to 27 branches, mostly in Fairfield and New Haven counties. By yearend Hubco Inc. will have $3.1 billion of assets, which includes its $1.8 billion- asset New Jersey unit.