BURLINGTON, Vt. - Chittenden Corp. has agreed to acquire Maine Bank Corp. of Portland for $49.25 million of cash, a move that would extend the multibank holding company's reach into southern Maine.

The $236 million-asset parent of Maine Bank and Trust has 15 branches in the Portland area. Chittenden, with $3.8 billion of assets, has branches in New Hampshire, Vermont, and Massachusetts.

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