Westfield Financial, Inc. completed its previously announced acquisition of Chicopee Bancorp, Inc. Under the terms of the Merger Agreement, Chicopee merged with and into Westfield (the Merger), with Westfield being the surviving entity of the Merger, and the name of the surviving entity was changed, pursuant to the terms of the Merger Agreement, to Western New England Bancorp, Inc. (the Company). Additionally, Chicopee Savings Bank, a wholly owned subsidiary of Chicopee, merged with and into Westfield Bank, a wholly owned subsidiary of the Company (Westfield Bank), with Westfield Bank continuing as the surviving entity. On October 25, 2016, in connection with Merger, and in accordance with the terms of the Merger Agreement, the Board of Directors of the Company increased the size of the Board by five members and appointed William Wagner, Gregg Orlen, William Masse, Gary Fitzgerald and Paul Picknelly to the Board.