New England Community Bancorp, Windsor, Conn., said it has an agreement to buy Bank of South Windsor (Conn.) for $32.8 million in stock.

The three branches of $155 million-asset South Windsor will merge into New England Community's New England Bank subsidiary. This deal, coupled with $600 million-asset New England's previously announced pact to buy Olde Port Bank and Trust, Portsmouth, N.H., will give the company four bank subsidiaries with 18 branches.

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