PORTLAND, Maine -- Peoples Heritage Bank said it has bought $4.7 million of home equity lines of credit formerly held by the failed First Federal Savings Bank of Lewiston, Maine.

The portfolio of 236 home equity lines is concentrated in the Lewiston-Auburn area, one of the bank's principal markets. Peoples Heritage began servicing the loans on June 15.

The bank is Maine's largest originator of mortgages for one-family to four-family homes.

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