NEW CANAAN, Conn. & HAMDEN, Conn.--(BUSINESS WIRE)--
Bankwell Financial Group, Inc. (NASDAQ:BWFG), the parent company of
Bankwell Bank, and Quinnipiac Bank & Trust Company ("Quinnipiac")
announced today that the shareholders of Quinnipiac approved the merger
with and into Bankwell Bank on September 24, 2014. Bankwell Bank and
Quinnipiac have now secured all regulatory and shareholder approvals
required for their merger to proceed.
The transaction is expected to close on October 1, 2014.
About Bankwell Financial Group, Inc. and Quinnipiac Bank & Trust
Company.
Bankwell Financial Group is a bank holding company located in New
Canaan, Connecticut. Bankwell Financial Group operates a state chartered
commercial bank subsidiary, Bankwell Bank. Bankwell Bank operates
branches in the Fairfield County towns or cities of New Canaan,
Fairfield, Stamford, Wilton and a loan production office in Bridgeport.
Bankwell Bank is FDIC insured and provides a full range of banking
services to commercial and consumer customers, primarily located within
its community and the surrounding area. For more information, visit www.mybankwell.com
Quinnipiac Bank & Trust Company is a state chartered commercial bank
located in Hamden, Connecticut, whose deposits are insured by the FDIC.
Quinnipiac provides a full range of banking services from its two
branches in Hamden and North Haven to commercial and consumer customers
primarily located within its community and the surrounding area.
Forward-Looking Statements
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:
Diane Knetzger, 203-652-6319
dknetzger@mybankwell.com
or
Quinnipiac:
Mark
A. Candido, 203-407-0756
President & Chief Executive Officer
mcandido@quinnipiacbank.com
Source: Bankwell Financial Group, Inc.