Businessweek

New%20Hampshire%20Thrift%20Bancshares%20Inc.%20%28NasdaqGM%3ANHTB%29%20entered%20into%20a%20definitive%20agreement%20to%20acquire%20Central%20Financial%20Corporation%20%28OTCPK%3ACEVT%29%20for%20%2414.4%20million%20in%20stock%20on%20April%203%2C%202013.%20Under%20the%20terms%20of%20agreement%2C%20each%20outstanding%20share%20of%20Central%20Financial%20will%20be%20converted%20into%20the%20right%20to%20receive%208.699%20shares%20of%20New%20Hampshire%20Thrift.%20Upon%20closing%20of%20the%20deal%2C%20Central%20Financial%20Corporation%20shall%20merge%20into%20New%20Hampshire%20Thrift%20and%20its%20separate%20corporate%20existence%20shall%20cease.%20Upon%20closing%2C%20Central%20Financial%20Corporation%u2019s%20unit%2C%20The%20Randolph%20National%20Bank%20will%20merge%20into%20New%20Hampshire%20Thrift%u2019s%20unit%2C%20Lake%20Sunapee%20Bank.%20Lake%20Sunapee%20Bank%20will%20be%20the%20surviving%20entity.%20In%20the%20event%20of%20termination%20of%20transaction%2C%20Central%20Financial%20Corporation%20will%20pay%20termination%20fees%20of%20%240.58%20million.%20Additionally%2C%20Central%20Financial%20Corporation%20may%20terminate%20the%20deal%20if%20the%20average%20closing%20price%20of%20New%20Hampshire%20common%20stock%20during%20a%20specified%20period%20prior%20to%20closing%20is%20less%20than%20%2411.237.%20%0D%0A%0D%0ASteven%20H.%20Dimick%2C%20President%20and%20Chief%20Executive%20Officer%20of%20Central%20Financial%20Corporation%2C%20will%20be%20appointed%20to%20the%20Boards%20of%20Directors%20of%20New%20Hampshire%20Thrift%20and%20Lake%20Sunapee%20Bank.%20Four%20members%20of%20current%20Board%20of%20Directors%20of%20Central%20Financial%2C%20excluding%20Steven%20H.%20Dimick%2C%20will%20be%20invited%20to%20serve%20as%20members%20of%20New%20Hampshire%20Thrift%u2019s%20Upper%20Valley%20advisory%20Board.%20Concurrently%2C%20the%20Directors%20and%20Executive%20Officers%20of%20Central%20Financial%20Corporation%20entered%20into%20voting%20agreements%20pursuant%20to%20which%20they%20agreed%20to%20vote%20their%20shares%20in%20favor%20of%20the%20Merger.%20The%20transaction%20is%20subject%20to%20customary%20closing%20conditions%2C%20including%20the%20receipt%20of%20regulatory%20approval%20and%20the%20approval%20by%20Central%20Financial%20Corporation%20shareholders.%20New%20Hampshire%20Thrift%20common%20stock%20issuable%20pursuant%20to%20the%20agreement%20shall%20have%20been%20approved%20for%20listing%20on%20NASDAQ.%20The%20transaction%20has%20been%20unanimously%20approved%20by%20the%20Boards%20of%20Directors%20of%20both%20Central%20Financial%20and%20New%20Hampshire%20Thrift.%20The%20transaction%20is%20expected%20to%20close%20in%20the%20fourth%20quarter%20of%202013.%20Griffin%20Financial%20Group%2C%20LLC%20acted%20as%20financial%20advisor%20and%20Richard%20A.%20Schaberg%20of%20Hogan%20Lovells%20US%20LLP%20acted%20as%20legal%20advisor%20for%20New%20Hampshire%20Thrift.%20Bank%20Analysis%20Center%2C%20Inc.%20provided%20fairness%20opinion%20and%20J.%20J.%20Cranmore%20of%20Canmore%2C%20FitzGerald%20%26%20Meaney%20acted%20as%20legal%20advisor%20for%20Central%20Financial.%20