DOVER, N.H. -- Shareholders of Great Bay Bancshares have approved a merger with Bank of Ireland First Holdings Inc.'s First New Hampshire Bank.

With 93% of the company's outstanding shares represented at a Dec. 8 meeting, votes representing 80% of the shares were cast in favor of the plan.

The merger, subject to regulatory approval, is expected to be completed in the first quarter of 1995. Shareholders will receive $19.50 in cash for each share of common stock.

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