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mergers and aquisitionsThe $1.8 billion Hanscom Federal Credit Union of Littleton, Mass., said it expects to close on its proposed acquisition of the $299 million Peoples Bank in Chestertown, Md., by the second half of 2025, pending approvals from shareholders and regulators.
The definitive purchase and assumption agreement under which the credit union will acquire the majority of the Peoples Bank’s assets and liabilities in an all-cash transaction was announced on Dec. 20.
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