CONCORD, N.H. - Community Bankshares, parent of Concord Savings Bank, has agreed to buy Centerpoint Bank, an $81 million-asset, state-chartered bank in Bedford, N.H., for about $10.5 million.

Under the agreement, Centerpoint will operate as a separate subsidiary of Community. The bank will retain its identity and management and continue its focus on business banking, while expanding its reach in southern New Hampshire.

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