First Union Corp. and First American Corp. announced thrift acquisitions last week to fill gaps in parts of their regional banking networks.

First Union, based in Charlotte, N.C., reached an agreement to acquire United Financial Corporation of South Carolina Inc., Greenwood, for $130.5 million. United Financial is the holding company for two thrifts that have total assets of $759 million and 16 offices, mostly in the Palmetto State's Piedmont region.

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