PeoplesBank buys First National Bank of Suffield for $60M

PeoplesBancorp, parent of PeoplesBank, will buy First Suffield Financial, Inc., parent company of The First National Bank of Suffield, Connecticut, for $60 million. First Suffield Financial shareholders will receive $12,001.85 in cash per share, according to a news release. PeoplesBank is mutual bank and has 18 banking offices in Western Massachusetts and assets exceeding $2.4 billion.

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