Bank merger activity is heating up in Connecticut, where two out-of- state banking companies recently announced acquisition deals.

SIS Bancorp, Springfield, Mass., said Monday that it had agreed to buy Glastonbury Bank and Trust Co. for $41 million in stock, or about 2.26 times book value. SIS, which has $1.4 billion of assets, hasn't bought a bank since the recession of the late 1980s and early '90s, and has never bought one outside of Massachusetts.

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