People’s United and LSB Corporation Agree to Merge

NORTH ANDOVER, MA--(Marketwire - July 15, 2010) -  LSB Corporation (NASDAQ: LSBX), parent of RiverBank, and People's United Financial, Inc. (NASDAQ: PBCT), parent of People's United Bank, today announced that they have signed a definitive agreement for People's United Financial, Inc. to acquire LSB Corporation in an all-cash transaction valued at approximately $96 million.

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