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New York Fed approves pending MB Mutual/Metuchen merger

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New York Fed approves pending MB Mutual/Metuchen merger

The Federal Reserve Bank of New York approved Metuchen, N.J.-based Metuchen MHC's merger with Manasquan, N.J.-based MB Mutual Holding Co.

Under the deal, Metuchen Bancorp Inc. will merge with MB Bancorp Inc.