Quinnipiac shareholders to vote on merger September 24, 2014
NEW CANAAN, Conn.--(BUSINESS WIRE)--
Bankwell Financial Group, Inc. (NASDAQ: BWFG) (“Bankwell”) announced
today that it has received all regulatory approvals required for the
merger of Quinnipiac Bank and Trust Company (“Quinnipiac”) into
Bankwell’s subsidiary, Bankwell Bank. There were no unusual conditions
in the approvals. The remaining merger condition is approval from
Quinnipiac shareholders at their scheduled meeting on September 24, 2014.
“Bankwell is pleased to have secured all regulatory approvals for our
merger and we look forward to Quinnipiac shareholders approving the
merger at their meeting on September 24,” said Blake S. Drexler,
Executive Chairman of Bankwell and Bankwell Bank. “Together, we will
continue to be the hometown bank serving the local community, but with a
much greater array of services to offer individuals and businesses.”
The merger is anticipated to close on or about October 1, 2014, assuming
Quinnipiac shareholder approval.
About Bankwell Financial Group
Bankwell is a commercial bank that serves the banking and lending needs
of residents and businesses throughout Fairfield County, CT. For more
information, visit www.mybankwell.com
This press release may contain certain forward-looking statements
about Bankwell. Forward-looking statements include statements regarding
anticipated future events and can be identified by the fact that they do
not relate strictly to historical or current facts. They often include
words such as “believe,” “expect,” “anticipate,” “estimate,” and
“intend” or future or conditional verbs such as “will,” “would,”
“should,” “could,” or “may.” Forward-looking statements, by their
nature, are subject to risks and uncertainties. Certain factors that
could cause actual results to differ materially from expected results
include increased competitive pressures, changes in the interest rate
environment, general economic conditions or conditions within the
securities markets, and legislative and regulatory changes that could
adversely affect the business in which Bankwell and its subsidiaries are
engaged.
Bankwell Financial Group, Inc.
Diane Knetzger, 203-652-6319
dknetzger@mybankwell.com
Source: Bankwell Financial Group, Inc.