WASHINGTON - A company headed by former BankAmerica Corp. president Thomas A. Cooper took over two troubled Florida thrifts on Monday in a $108 million transaction.

Mr. Cooper's TAC Bancshares merged the two institutions into a $1.8 billion thrift based in Miami with 25 branches in southeast Florida.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.