BANGOR — Bangor Bancorp, parent company of Bangor Savings Bank, and Colebrook, New Hampshire-based First Colebrook Bancorp, Inc., parent company of Granite Bank, jointly announced that First Colebrook stockholders have approved the merger transaction, whereby Granite Bank will merge with and into Bangor Savings Bank.

No vote by the corporators of Bangor Bancorp is required, and Bangor Bancorp, as the sole shareholder of Bangor Savings Bank, has already approved the proposed merger.

In addition, the transactions were approved by the Maine Bureau of Financial Institutions, the New Hampshire Banking Department and the Federal Deposit Insurance Corporation.

Scott Cooper, president and CEO of First Colebrook and Granite Bank, said, “We are excited about the potential benefits of the merger for our stockholders, customers and the communities we serve as well as for our employees.”

“We’re excited to welcome Granite Bank to the Bangor Savings Bank family,” said Bangor Savings President and CEO Bob Montgomery-Rice. “Our banks share a culture of developing real relationships with customers, and making their banking life easier.”