United Bank Reports $1.9M Profit In Q3

The parent company of West Springfield-based United Bank, which is expected to acquire Worcester-based Commonwealth National Bank, reported a $1.9 million profit for the third quarter, a 20 percent decrease from the same period last year.

Excluding costs associated with the pending Commonwealth National deal, the bank's profit for the quarter would have been $2.2 million.

For the first nine months of the year, the bank's profits total $4.6 million, down 28 percent from last year.