Peoples Heritage Bank of Portland, Maine, has hired Fleet Bank veteran David J. Ott to be president and chief executive officer.

He is to take over next week at the bank, Maine's largest, where he will succeed Glenn McAllister, who resigned in December. Mr. Ott, 47, spent nearly 20 years at Fleet Financial Group of Boston, the last two as president and CEO of its $2 billion-asset Maine subsidiary.

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