Continuing its march across northeastern New England, Peoples Heritage Financial Group Inc. has agreed to buy Haverhill, Mass.-based Family Bancorp for $113.2 million in stock.

The deal - its first foray into neighboring Massachusetts - would bring the Portland, Maine-based thrift closer to the Boston market. The acquisition would make Peoples Heritage a $5.1 billion-asset company, with branches in Maine, New Hampshire, and Massachusetts. Family currently has $887 million in assets.

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.