LEOMINSTER, Mass., April 12, 2012 /PRNewswire/ -- Fidelity Bank and People's United Bank, a subsidiary of People's United Financial, Inc. (Nasdaq: PBCT), announced today a definitive agreement by which Fidelity Bank will acquire certain deposits and the branch office of the People's United Bank location at 75 Main Street, Leominster, MA. Completion of the transaction is anticipated mid-year of 2012 and is subject to customary closing conditions, including the receipt of regulatory approvals. Fidelity Bank has agreed that all employees at the acquired People's United Bank branch will be offered comparable positions at Fidelity Bank.
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