LIVERMORE FALLS – Androscoggin Savings Bank is seeking approval from the state to acquire the assets and deposit liabilities of the Skowhegan Savings Bank branch in Livermore Falls.

Androscoggin Savings Bank proposes to consolidate the assets and liabilities with those of its existing branch in Livermore Falls.

It means that the deposits, such as in checking and savings accounts, of the Skowhegan Savings Bank customers at Main Street branch would be sold to Androscoggin Savings Bank, said state Principal Bank Examiner Bob Studley.

Some of the loans at the Skowhegan bank would also be acquired by the Androscoggin bank, Studley said.

Studley said that for whatever reason, the Skowhegan bank wants to close its office in Livermore Falls.

Karen Hart, marketing director for Skowhegan Savings Bank, said that until the bank has regulatory approval, “We really cannot comment on this at all.”

Gordon Flint, regional vice president of Androscoggin Savings Bank, said the two banks have reached an agreement for the assets and deposit liabilities, and is seeking state approval on the proposal.

Flint said that until the state approves the proposal, the banks could not go into detail.

The public is invited to submit written comments on the application to the Bureau of Financial Institutions, 36 State House Station, Augusta, ME 04333-0036, or electronically through the Bureau of Financial Institutions’ Web site at www.mainebankingreg.org.

The superintendent of the bureau would hold a hearing, as required by law, upon receipt of bona fide and reasonable request.

The bureau will accept written comments and requests for a hearing through Monday, Nov. 22.