October 16, 2009
United Bank Reports $1.9M Profit In Q3
By Christina Davis
The parent company of West Springfield-based United Bank, which is expected to acquire Worcester-based Commonwealth National Bank, reported a $1.9 million profit for the third quarter, a 20 percent decrease from the same period last year.
Excluding costs associated with the pending Commonwealth National deal, the bank's profit for the quarter would have been $2.2 million.
For the first nine months of the year, the bank's profits total $4.6 million, down 28 percent from last year.
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