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Beneficial eyes Garden State

Beneficial Mutual Bancorp Inc. says in an SEC filing today that it's looking for even more takeover opportunities in New Jersey. Beneficial already has an agreement to buy the parent of Farmers & Mechanics for $183.2 million. (Most Farmers & Mechanices branches are located in Burlington County.) It calls acquisitions "a strategic objective" and says it "will continue to evaluate other opportunities" especially in the N.J. suburbs of Philadelphia. -- Jonathan Berr

Posted by phillyinc on May 21, 2007 3:03 PM |

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