PORTLAND (AP) – TD Banknorth Inc. on Wednesday said shareholders approved its $1.9 billion acquisition of Hudson United Bancorp.

The deal, which would extend TD Banknorth’s reach into the New Jersey and Philadelphia markets, nto still needs approval from the Federal Reserve, and is expected to close later during the first quarter.

The acquisition would create a regional financial services company with 590 branches, 751 ATMs and more than $26 billion in deposits across eight northeastern states.

Shares of TD Banknorth rose 18 cents to close at $29.41 on the New York Stock Exchange. Hudson United shares closed up rose 27 cents to $42.17.