Maine's Peoples Heritage in deal for branch.

PORTLAND, Maine - Peoples Heritage Bank, a unit of Peoples Heritage Financial Group Inc., said it has applied to acquire all the deposits and loans of the Presque Isle branch of Merrill Merchants Bank, Bangor

Peoples Heritage said the transaction will involve about $3 million of deposits and $1.5 million of loans. The bank expects to complete the deal in late fall, pending regulatory approvals.

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