Westfield (WFD) and Chicopee Bancorp (CBNK) Receive Federal Reserve and OCC Approval for Merger

September 19, 2016 5:02 PM EDT

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Westfield Financial, Inc. (Nasdaq: WFD), the holding company for Westfield Bank and Chicopee Bancorp, Inc (NASDAQ: CBNK), the holding company for Chicopee Savings Bank, today jointly announced the Company’s receipt of final regulatory approval from the Board of Governors of the Federal Reserve System and the Bank’s receipt of approval from the Office of the Comptroller of the Currency in connection with the previously announced merger transaction with Chicopee. Closing of the transaction remains subject to receipt of approvals from the Massachusetts Board of Bank Incorporation and the shareholders of Westfield and Chicopee.

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