ROCHESTER, N.Y. -- FNB Rochester Corp. said it has signed a letter of intent to sell its Atlanta, N.Y., National Bank to Bath National Bank, a unit of Bath National Corp.
FNB Rochester said it would be paid cash equal to Atlanta National's book value plus $550,000, with the amount to be spelled out in a definitive agreement.
Atlanta National has $17 million of assets; FNB Rochester's total assets are $300 million.