Webster Financial Corp. said it completed its acquisition of DS Bancor Inc.
Shareholders of both Webster and DS Bancor voted in favor of the acquisition. The transaction value was $137 million in stock, and was announced in early October.
James C. Smith, Webster's chairman and chief executive officer, said his bank will be the fourth largest in Connecticut, with 7.5% in market share, and the second largest in market share in New Haven and Hartford counties .
"Webster is a strong, growing, Connecticut-based bank with a bright future," Mr. Smith added.