Centreville Bank to acquire Putnam Bank for $115.5M

WEST WARWICK – Centreville Bank will acquire Connecticut-based Putnam Bank for $115.5 million under a merger agreement between the two companies announced Tuesday. The acquisition, expected to close in the first or second quarter of next year, gives West Warwick-based Centreville entry into eastern Connecticut’s consumer banking market. “Bringing Putnam Bank into the Centreville Bank…

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