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Wilton Bank Shareholders Approve Merger With Bankwell Financial Group Inc

Tuesday, 1 Oct 2013 09:29am EDT 

Bankwell Financial Group, Inc., the parent company of Bankwell Bank and The Wilton Bank announced that the shareholders of Wilton Bank have approved the merger with and into Bankwell Bank. The merger has been approved by the Federal Deposit Insurance Corporation and approval from the Connecticut Department of Banking is expected shortly. Bankwell also announced that it raised $6,197,500 in capital by issuing 370,000 shares of its common stock to a single prominent financial institution investor. The transaction is expected to close in the fourth quarter of 2013. 

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0.255 +0.50%
11:36am EDT