PRINCETON, N.J. -- UJB Financial Corp. entered into a definitive agreement to acquire Palisades Savings Bank of Ridgefield Park for $42.1 million in cash.

The acquisition, announced last week, will have little impact on the $14.2 billion-asset bank or its competitors, analysts say. UJB already has a strong presence where Palisades' eight branches are located, said Alex. Brown analyst John Heffern.

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