Danvers Bancorp (DNBK) Stockholders Approve Merger with Beverly National (BNV)
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Danvers Bancorp, Inc. (NASDAQ: DNBK) announced that at a special meeting of its stockholders held on October 9, 2009, Danvers stockholders voted to approve the Agreement and Plan of Merger by and between Danvers and Beverly National Corporation (NYSE Amex: BNV), dated as of June 16, 2009, pursuant to which Beverly National Corporation will merge with and into Danvers.
The shareholders of Beverly National Corporation voted to approve the Agreement and Plan of Merger on October 8, 2009.
The Company anticipates that the merger will be consummated on or about October 30, 2009, subject to the receipt of all required regulatory approvals and certain other closing conditions.
Danvers Bancorp, Inc. is the holding company for Danversbank, a Massachusetts-chartered savings bank headquartered in Danvers, Massachusetts.
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