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Regal Bank To Purchase New Millennium Bank’s Township Branch

Regal Bank will purchase the Elizabeth Avenue branch of New Millennium Bank, the institutions announced Feb. 13.

According to a press release about the deal, it is anticipated that Regal will assume about $32 million in deposits from New Millennium, a figure subject to the actual value of deposits at the time of closing. The remainder of the branch’s deposits, consisting mostly of certificates of deposits, will remain with Millennium.

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