Troy Financial Corp. said Thursday that it has agreed to buy fellow upstate New York thrift company Catskill Financial Corp. for $90 million in cash.

Acquiring Catskill's $346.1 million of assets would boost the assets of the Troy Savings Bank parent to $1.2 billion. The announcement came just six weeks after Hudson River Bancorp and Cohoes Bancorp announced a deal to merge as a $1.8 billion-asset holding company.

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