PORTLAND, Maine -- Peoples Heritage Financial Group Inc. said it has received all regulatory approvals to acquire Mid Maine Savings Bank.

The acquisition was previously approved by Mid Maine shareholders. The effective date of the merger is July 31.

The acquisition, valued at $15.1 million in stock, will add approximately $176 million of assets to Peoples Heritage's $2.4 billion, according to Peter J. Verrill, executive vice president and chief financial officer.

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