POUGHKEEPSIE, N.Y. -- Poughkeepsie Savings Bank said it has completed a definitive agreement for the previously announced sale of Tampa, Fla.-based Market Street Mortgage Corp. to Republic Bancorp of Ann Arbor, Mich.

Pending regulatory approvals and possible adjustments, Republic would pay $22 million for the Poughkeepsie unit's $1.4 billion loan-servicing portfolio and loan-origination operations, 19 loan-production offices in the Southeast, and some other assets.

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