First Alabama Bancshares Inc. announced an expansion of its Louisiana foothold Wednesday with an agreement to acquire Guaranty Bancorp of Baton Rouge.

First Alabama, which has $8.1 billion of assets, said it would acquire Guaranty Bancorp for about $28 million, or 2.2 times book value. Guaranty is the holding company for Guaranty Bank and Trust Co. of Baton Rouge, which has $185 million in assets and six offices in the Louisiana capital.

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