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Suffolk Bancorp - $16 million termination fee payable to People's United

Tuesday, 28 Jun 2016 11:51am EDT

Suffolk Bancorp : Says termination fee of $16 million will be payable by co to People's United upon termination of merger agreement Source - http://1.usa.gov/290ygUI Further company coverage: [SCNB.N] (Bengaluru Newsroom; +1 646 223 8780).

Moody's: Consolidation of Indian banking system presents greater risks than benefits

Monday, 27 Jun 2016 10:26pm EDT

Moody's: Moody's: Consolidation of Indian banking system presents greater risks than benefits . India's banking system has witnessed an increase in stressed assets since 2012 . No Indian PSB currently has the financial strength to assume consolidator role without risking its own credit standing post-merger .Indian government's proposal to consolidate country's public sector banks creates risks that could offset the potential long-term benefits..

Moody's: Consolidation of Indian banking system presents greater risks than benefits

Monday, 27 Jun 2016 10:26pm EDT

Moody's: Moody's: Consolidation of Indian banking system presents greater risks than benefits . India's banking system has witnessed an increase in stressed assets since 2012 . No Indian PSB currently has the financial strength to assume consolidator role without risking its own credit standing post-merger .Indian government's proposal to consolidate country's public sector banks creates risks that could offset the potential long-term benefits..

Berkshire Hills Bancorp - FCB agreed to pay $4.1 mln termination fee

Monday, 27 Jun 2016 12:12pm EDT

Berkshire Hills Bancorp Inc : Berkshire Hills Bancorp Inc says if merger is not consummated under specified circumstances, FCB agreed to pay co a termination fee of $4.1 million Source - http://1.usa.gov/29587cQ Further company coverage: [BHLB.N] (Bengaluru Newsroom; +1 646 223 8780).

EDF said to pick JP Morgan, HSBC,Societe Generale SA and BNP Paribas SA for 4 billion Euro fundraising- Bloomberg

Monday, 27 Jun 2016 08:59am EDT

: EDF said to pick JP Morgan, HSBC,Societe Generale SA and BNP Paribas SA for 4 billion Euro fundraising- Bloomberg,citing sources Source (http://bloom.bg/298ifyF) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).

People's United Financial, Inc. to acquire Suffolk Bancorp

Monday, 27 Jun 2016 08:00am EDT

People's United Financial Inc : People's United Financial, Inc. to acquire Suffolk Bancorp; transaction valued at approximately $402 million . Sees deal to be accretive to earnings, excluding one-time costs . Suffolk Bancorp shareholders will receive 2.225 shares of People's United Financial stock for each Suffolk Bancorp share . Transaction is valued at $33.55 per Suffolk Bancorp share . Receipt of People's United Financial stock by shareholders of Suffolk Bancorp is expected to be tax-free .Suffolk CEO Howard Bluver will join People's United Bank as New York Market President.

People's United Financial, Inc. to acquire Suffolk Bancorp

Monday, 27 Jun 2016 08:00am EDT

People's United Financial Inc : People's United Financial, Inc. to acquire Suffolk Bancorp; transaction valued at approximately $402 million . Sees deal to be accretive to earnings, excluding one-time costs . Suffolk Bancorp shareholders will receive 2.225 shares of People's United Financial stock for each Suffolk Bancorp share . Transaction is valued at $33.55 per Suffolk Bancorp share . Receipt of People's United Financial stock by shareholders of Suffolk Bancorp is expected to be tax-free .Suffolk CEO Howard Bluver will join People's United Bank as New York Market President.

Berkshire Hills to acquire First Choice Bank

Monday, 27 Jun 2016 07:18am EDT

Berkshire Hills Bancorp Inc : Berkshire Hills to acquire First Choice Bank . All-Stock transaction valued at approximately $111.7 million . Says Berkshire's total assets will increase to $8.9 billion including $1.1 billion in acquired first choice assets . Berkshire Hills Bancorp Inc says anticipated deal to be 4.3 pct accretive to earnings in 2017 before transaction costs . Each outstanding share of first choice common stock will be exchanged for 0.5773 shares of Berkshire Hills common stock . Berkshire Hills Bancorp Inc says definitive agreement has been approved by unanimous votes of boards of directors of both companies . First Choice Bank's chairman of board, Martin Tuchman along with member, Munish Sood, will serve as advisors to Berkshire . Says merger is targeted to be completed in Q4 of 2016 .Berkshire Hills Bancorp Inc says First Choice Bank will merge into Berkshire Bank and its subsidiary, First Choice Loan Services Inc.

Norwood Financial, Delaware Bancshares shareholders approve proposed merger

Friday, 24 Jun 2016 03:47pm EDT

Norwood Financial Corp : Norwood Financial Corp. and Delaware Bancshares, Inc. announce shareholder approval of proposed merger .Subject to satisfaction of remaining closing conditions, merger is expected to close in Q3.

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