ALBANY - An upstate New York thrift holding company is making its second move into New England in less than a year, buying a $413 million- asset Vermont bank company.

Albank Financial Corp. has agreed to pay about $62.5 million in cash for Marble Financial Corp., Rutland. That's 1.5 times Marble's book value of $11.90 at March 31.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.