SKOWHEGAN — Skowhegan Savings Bank has agreed to purchase Camden National Bank’s branches in Farmington, Kingfield, Phillips, Rangeley and Stratton. Also included in the transaction are the branch deposits, business loans and certain consumer loans.

The sale is expected to be completed in the fourth quarter of 2013, subject to regulatory approval.

Skowhegan Savings currently has 10 branches covering Somerset, Kennebec and Penobscot Counties. The president and CEO of the bank, John Witherspoon, lives in the Franklin County town of Kingfield.

“As a resident of the town of Kingfield, I am looking forward to expanding our franchise into Franklin County,” he said in a statement Wednesday.

Skowhegan Savings plans to retain all employees. Witherspoon also said the Phillips and Stratton branches, which Camden National Bank was set to close on June 28, will remain open under Skowhegan’s ownership.

Skowhegan Savings will acquire deposits of approximately $86.9 million, loans of $43.7 million and real estate and equipment of $600,000 from Camden National, according to a statement from the institutions.