East Coast's merger advances in N. Carolina.

GOLDSBORO, N.C. - East Coast Savings Bank voted to convert the mutual thrift to a stock state savings bank while merging with Southern National Corp., a $5.2 billion bank holding company.

East Coast Savings said Southern National, which has received all preliminary regulatory approvals, expects to complete the merger on Oct. 7.

The company said the subscription period for purchasing Southern National stock has been completed.

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