United Financial Bancorp in Glastonbury, Conn., is planning to close five branches and lay off the employees who work in them.

The $5.3 billion-asset United Financial said in a press release Monday that it will eliminate four branches in Massachusetts and one in Connecticut. A bank spokesman declined to specify how many employees will lose their jobs; the cuts are scheduled to take place before spring.

United Financial will incur approximately $5.5 million in restructuring costs in the fourth quarter in connection with the closures, the release said.

"Based on many factors, we just couldn't make these five branches successful," Chief Executive William H.W. Crawford said in the release.

A number of factors — including  location, deposit levels, community demographics and customer traffic — were considered in the decision, the release said.

The announcement came two months after the bank, formerly Rockville Financial, closed four other branches as part of its acquisition of the $2.5 billion-asset United Financial Bancorp in West Springfield, Mass. Rockville changed its name to United Financial as part of that acquisition, which took place in May.

United Financial has 61 branches in Connecticut and Massachusetts, according to the Federal Deposit Insurance Corp. 

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