First Seacoast in N.H. inks wealth management deal

First Seacoast Bancorp in Dover, N.H., has agreed to buy a portfolio of wealth management accounts.

The $478 million-asset company disclosed in a regulatory filing Tuesday that its bank plans to buy accounts with about $26.3 million of assets under management from an unnamed investment advisory firm.

First Seacoast will pay $344,475 for the accounts, with $172,237 to be paid at closing and the rest when the accounts are successfully transferred.

First Seacoast said its FSB Wealth Management division had $66.8 million of assets under management on June 30.