Slade's Ferry shareholders approve sale of bank
8:36 AM Fri, Jan 18, 2008 | Permalink
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Shareholders of Slade's Ferry Bancorp, based in Somerset, Mass., voted at a special meeting Thursday to sell the bank to Independent Bank Corp., of Rockland, Mass. The deal is expected to close March 1, pending regulatory approvals. About 98.5 percent of the votes cast approved the sale. Slade's Ferry shareholders have until Feb. 22 to elect to receive cash, shares of Independent common stock or a combination of both for their Slade's Ferry shares. 
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