Peoples United and Danvers Bancorp Announce Receipt of All Regulatory Merger Approvals

People's United Financial, Inc. PBCT and Danvers Bancorp, Inc. DNBK today announced that their proposed merger was approved by the Office of the Massachusetts Commissioner of Banks and the Massachusetts Board of Bank Incorporation on June 27, 2011. The transaction was previously approved by Danvers Bancorp shareholders on May 13 and by the Office of Thrift Supervision on May 16. The closing of the merger is expected to occur on June 30, 2011.