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Investors Bancorp acquisition of Gateway approved


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Investors Bancorp Inc., based in the Short Hills section of Millburn, announced Tuesday its acquisition of Gateway Community Financial Corporation has received final regulatory approval.

According to the announcement, the parties intend to complete the merger at the close of business on January 10, 2014. In April, Investors CEO Kevin Cummings called the transaction "financially compelling" despite its relatively small size.

Investors Bancorp completed its acquisition of Roma Financial in early December.

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