Ending an initial ill-fated venture into neighboring Vermont, Glens Falls, N.Y.-based Arrow Financial Corp. has agreed to sell its remaining branches in that state to Albank Financial Corp.

Under the deal, which is subject to regulatory approval, Albank is to pay $8.2 million for the six branches of Arrow subsidiary Green Mountain Bank, Rutland. The $3.4 billion-asset Albank would also receive $110 million in deposits, $112 million in loans, and $45 million in loan servicing.

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