BRIDGEPORT, Conn. and
DANVERS, Mass., 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
Connecticut, Vermont, New
York, New Hampshire,
Maine and 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: Andover, Beverly, Boston, Cambridge, Chelsea, Danvers, Hamilton, Malden, Manchester-by-the-Sea, Middleton, Peabody, Reading, Revere, Salem, Saugus, Topsfield, Waltham, Wilmington, and Woburn, Massachusetts.
SOURCE People's United Financial, Inc.
