First National of Georgia to buy Metro.

Gainesville, Ga. - First National Bancorp said it had signed a letter of intent to acquire Metro Bancorp of Douglasville, Ga.

The company said Metro shareholders may elect to receive $4 in cash or 0.2 share of First National common stock for each Metro Bancorp common share.

First National Bancorp has $2 billion of assets. Metro Bancorp has $135 million of assets.

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