People's United Financial Acquisition of LSB Corporation Receives Regulatory Approval

LSB Corporation LSBX announced that regulators have approved the acquisition of LSB Corporation by People's United Financial, Inc. and the related merger of River Bank into People's United Bank in accordance with the definitive merger agreement announced July 15, 2010. The shareholders of LSB Corporation approved the merger agreement on October 27, 2010. The companies expect to complete the transactions (which remain subject to the satisfaction or waiver of other customary closing conditions) on or after November 30, 2010.