After a false start, Eastern Bancorp., Lynn, Mass., announced a deal Thursday to buy Emerald Isle Bancorp for $80 million in cash.

The $2.4 billion-asset Eastern made an unsuccessful bid for Quincy, Mass.-based Emerald Isle in the spring. Talks resumed over the past four weeks and a deal was struck Thursday night, said Stanley J. Lukowski, Eastern's chairman, president, and chief executive officer.

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