June 28, 2011 | last updated May 31, 2012 7:22 pm

People's to close $493M Danvers deal Thurs.

Bridgeport regional banking parent People's United Financial Inc. says it received the last of its regulatory approvals to close its acquisition of Massachusetts' Danvers Bancorp for $493 million.

The deal to acquire Danvers Bancorp Inc. is now set to occur Thursday.

The merger was approved Monday by the Office of the Massachusetts Commissioner of Banks and the Massachusetts Board of Bank Inc.

Federal bank regulators and shareholders have already blessed the deal.

People's United has $25 billion in assets; Danvers $2.9 billion in assets.


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