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United Financial Bancorp, Inc. Message Board

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  • Reply to

    Should have sold

    by maineyale2 Jul 18, 2014 7:53 AM
    caretaker12david@att.net caretaker12david Jul 21, 2014 1:02 PM Flag

    True, true, true, and watch for the next earnings report to be not so rosy which explains the decline in share price. The buyout would still be a couple of years out though.

  • Based on the track record since the merger it is obvious we should have sold our Rockville stock prior to the close of the deal. We can only hope it stays a little stable and then someone comes along and gobbles up the combined the bank and gives us a decent return for our stock.

    Sentiment: Sell

  • However, given that the merger awaits formal review and approval from three federal bank regulators and bank overseers in Connecticut and Massachusetts, where United is based, it appears more likely that Crawford's pay will hit that $500,000 threshold.

    If Crawford's contract isn't renewed after the third year, he collects a lump payment equal to 2 ½ times his base pay as he exits, the filing states.

    Crawford would get a lump severance of triple his annual pay if he's sacked for good reason within two years after the merger date, the filing shows.

    On top of the usual cash and stock performance incentives, he's entitled to a $750 monthly car allowance, plus the bank will pay the tab for country club dues, the filing said. The rest of his employment contract spells out the usual terms and conditions for Crawford to qualify for long-term incentive cash and stock compensation awards, among other things.

    Why worry about stock price?

  • Reply to

    Good Merger?

    by maineyale2 May 6, 2014 3:59 PM

    Obviously the markets are not liking this merger at least in the early stages.........

  • Reply to

    Good Merger?

    by maineyale2 May 6, 2014 3:59 PM
    caretaker12david@att.net caretaker12david May 6, 2014 6:44 PM Flag

    Always good for the people in charge, check out statements made 3 years ago by the RCKB pres. about being loyal, moving to S. Glastonbury, wonder where his family lives and plays? Look at the compensation and cushy jobs given to all principals involved.."let them eat cake"

  • So far this union of "equals" has not been good for former Rockville shareholders, it will remain to be seen whether it will also be bad for customers.

UBNK
12.53-0.11(-0.87%)Jul 25 4:00 PMEDT

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