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People's United Financial receives regulatory approval for United Financial deal

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People's United Financial receives regulatory approval for United Financial deal

People's United Financial Inc. has received all regulatory approvals to complete its merger with United Financial Bancorp Inc.

With this merger, People's United will be the resulting entity. Financial terms of the deal were not disclosed.

The deal is expected to be completed Nov. 1, but is still subject to approval by United Financial's shareholders. A meeting of United Financial's shareholders is scheduled for Oct. 22.