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New England Bank signs clearinghouse deal

Enfield-based New England Bank has signed on to use the automated clearinghouse services of ACH Federal.

Beginning April 1, ACH Federal, based in Chattanooga, Tenn., will process personal and business online electronic payments for New England Bank customers.

Contract terms were not revealed.

Three-year-old ACH Federal says it has processed more than 3 million transactions since early 2009.

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New England Bank, formerly Enfield Federal Savings, has $672 million in assets and 12 central Connecticut branches.

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