Bankwell acquires Quinnipiac Bank

Bankwell Financial Group, the holding company for Bankwell Bank, announced this week the execution of a definitive merger agreement pursuant to which Bankwell will acquire the Quinnipiac Bank & Trust Company through the merger of Quinnipiac into Bankwell.

The merger will add $100 million in assets to Bankwell, bringing total assets to $880 million as of the most recent reporting period.

The transaction will also expand Bankwell’s presence beyond Fairfield County, where it currently has six branches, including one in Wilton, and a loan production office, into New Haven County.

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