Rockville Bank Foundation To Remain Independent

When Rockville Bank merged with United Bank in 2014, the bank's name was changed to People's United Bank, but the Rockville Bank Community Foundation won't be following suit.

The Connecticut-based foundation, which has been awarding grants and scholarships since 1981, will be exempt from any future bank mergers, the Hartford Courant reports.

"While Rockville Bank no longer exists, the Rockville Bank Community Foundation allows us to carry on something that was so important to Rockville Bank - serving its communities and the families who live in these communities," Foundation President Joann Smith says.

Last year, the foundation awarded more than $125,000 in grants and scholarships.

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