Northeastern New England, which has been virtually unscathed by the merger frenzy sweeping the nation's largest banks, is about to see its first big merger.

Portland-based Peoples Heritage Financial Group, Maine's largest independent bank, has agreed to buy Manchester-based Bank of New Hampshire Corp., the Granite State's second-largest bank, for more than $160 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.