Early Boom for Northeast Bank M&A

Davidson, Kate
November 2010
Investment Dealers' Digest;11/5/2010, Vol. 76 Issue 41, p22
Trade Publication
The article focuses on the growth of deals among banks in Northeastern states in the U.S. It mentions the announcement made by First Niagara Financial Group Inc. to buy NewAlliance Bancshares in August 2010, which was called by analysts as a consolidation in the region. Analyst Mark Fitzgibbon states that First Ipswich Bancorp was bought by Brookline Bancorp Inc. for 19.7 million dollars on October 2010. Moreover, Community Bank System Inc. in Dewitt, New York plans to buy Wilber Corp.


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