The activities of NHSB
are different in many ways from the usual for-profit home mortgage lending that banks perform.
39 million in expenses in the quarter ended December 31, 2003, primarily professional fees and a charge for the accelerated vesting of restricted stock relating to the merger with NHSB
has adopted a plan for conversion to convert to a public company simultaneously with the acquisitions.
Customers of the former NHSB
exhibited a strong vote of confidence in NewAlliance Bank during the initial public stock offering of NewAlliance Bancshares, Inc.
is combined with the banking subsidiaries of Connecticut Bancshares, Inc.
would pay the Company a $30 million cash payment if the merger does not close by October 15, 2004 under certain circumstances.
These approvals follow the FDIC's approval on February 9, 2004 for NHSB
to proceed with its conversion from a mutual savings bank to a fully-public company; and the January 26, 2004 conversion approval from the Connecticut Department of Banking.
is combined with Connecticut Bancshares, Inc.
Chairman, President and CEO of NHSB
Ranks 14th in First Annual Survey Acknowledging the Progressive Thinking and Achievements of Outstanding Women in Financial Services
By combining resources, NHSB
, Savings Bank of Manchester and Tolland Bank will be in a position to extend to their customers a significantly wider network of branches, a broader range of products and services, and more choices about where, when and how to access the Bank's services.
On July 16th, NHSB
announced that it has signed definitive agreements to acquire all the outstanding shares of Connecticut Bancshares Inc.
Bojar elected to have NHSB
mow her lawn and provide landscaping services once a week throughout the summer.