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Merger of Suffolk County National Bank with People’s United is approved by federal regulators

The Cutchogue branch of Suffolk County National BankPhoto: Katharine Schroeder

The merger of Suffolk County National Bank with People’s United has been approved by the Office of the Comptroller of the Currency.

The transaction remains subject to the approval of the Board of Governors of the Federal Reserve System, the Bridgeport-based People’s United Financial said in a press release issued yesterday.

The merger was initially announced June 27, 2016 and approved by the shareholders of SCNB on Oct. 13.

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Denise Civiletti

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