Webster Financial Corp., Waterbury, Conn., has reached a definitive agreement to acquire North American Bank and Trust Company, a Conn. state-chartered commercial bank also in Waterbury, for a combination of stock and cash valued at approximately $30 million.North American's board has already approved the deal, which must now be voted on by the company's shareholders. Webster expects the deal to close in the fourth quarter. Among its other holdings, Webster is majority owner of Chicago-based Duff & Phelps LLC.
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