BIRMINGHAM, Ala. -- First Alabama Bancshares said it completed definitive agreements to acquire First Community Bancshares of Rome, Ga., and BNR Bancshares of New Roads, La.
The $10.4 billion-asset First Alabama had announced the signing of letters of intent with these two companies on March 17.
The acquisitions remain subject to approval by various regulatory agencies and by the stockholders of First Community and BNR. Both transactions are expected to be tax-free exchanges and should be completed in the third quarter.
First Community had assets of $126 million and BNR $137 million on Dec. 31.
Also pending are First Alabama's acquisitions of the $185 million-asset Guaranty Bancorp, of Baton Rouge, La., and $75 million-asset First Bank of Fayette, Ala.
