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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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