In Brief: First American of Tenn. Has $43M Deal

First American Corp. said it has a definitive agreement to buy CSB Financial Corp. of Kingston Springs for $43 million in stock.

First American would acquire four banking offices and the No. 1 deposit market share in the Cheatham County area northwest of Nashville, a new market presence for $18.2 billion-asset First American.

In buying $142 million-asset CSB, First American also gains lease financing, financial planning, and mobile home financing subsidiaries.

Under the terms of the deal, CSB shareholders will receive 927,000 shares of First American common stock.

The transaction is expected to close before yearend.

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