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BRIDGEPORT, Conn. and
May 9, 2011 /PRNewswire/ -- People’s United Financial, Inc. (NASDAQ: PBCT) and Danvers Bancorp, Inc. (NASDAQ: DNBK) today announced updated information on the deadline for
Danvers stockholders to make elections regarding the form of merger consideration to be received in connection with the pending merger of
Danvers with and into People’s United. The election deadline will expire approximately five business days prior to the expected closing date of the merger as contemplated by applicable provisions of the merger agreement. People’s United and
Danvers will issue a supplemental press release once the specific date of the election deadline has been established.
A more complete description of the merger consideration and the proration procedures applicable to elections is contained in the proxy statement/prospectus dated
April 1, 2011 and mailed to
Danvers stockholders of record on or about
April 8, 2011. Danvers stockholders are urged to read the proxy statement/prospectus carefully and in its entirety. Copies of the proxy statement/prospectus may be obtained for free by following the instructions below under "Additional Information About the Merger and Where to Find It."
Additional Information About the Merger and Where to Find It
In connection with People's United's proposed acquisition of
Danvers, People's United has filed a registration statement on Form S-4 with the Securities and Exchange Commission containing a proxy statement/prospectus dated
April 1, 2011, which has been mailed to
Danvers stockholders. Investors are urged to read these materials, and any other documents filed by People's United or
Danvers with the SEC, because they contain or will contain important information about People's United,
Danvers and the merger. The proxy statement/prospectus and other relevant materials, and any other documents filed by People's United with the SEC, may be obtained free of charge at the SEC's website at
www.sec.gov. The definitive proxy statement/prospectus and the other documents may also be obtained for free by accessing People's United's website at
www.peoples.com under the tab "Investor Relations" and then under the heading "Financial Information" or by accessing
Danvers' website at
www.danversbank.com under the tab "Investor Relations" and then under the heading "SEC Filings." In addition, investors may obtain free copies of the documents filed with the SEC by People's United by directing a written request to People's United Financial, Inc., 850 Main Street,
Bridgeport, Connecticut 06604, Attn: Investor Relations.
People's United Financial, a diversified financial services company with
$25 billion in assets, provides commercial banking, retail and business banking, and wealth management services through a network of 341 branches in
Massachusetts. Through its subsidiaries, People's United Financial provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.
Danversbank is a wholly-owned subsidiary of Danvers Bancorp, Inc., a holding company with approximately
$2.9 billion in total assets. Danvers Bancorp, Inc., through Danversbank, offers a wide range of commercial and retail banking services, including commercial and industrial loans, commercial real estate loans, owner-occupied residential mortgages and consumer loans, cash management, debit and credit card products, online banking, and non-deposit investment products and investment management services. Danversbank operates a total of 28 branches in the following communities:
SOURCE People's United Financial, Inc.