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Putnam County Savings Bank and CMS Bancorp, Inc. , the holding company for CMS Bank, jointly announced the execution of a definitive merger agreement, dated September 25, 2014, which provides for the acquisition of CMS and CMS Bank by PCSB in an all cash transaction valued at $13.25 per share and an aggregate deal value of approximately $25.4 million. The definitive merger agreement is subject to approval by CMS's stockholders and applicable banking regulatory authorities. Comment?
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