Admiralty Bank in Palm Beach Gardens, Fla., whose new chief executive came from a Boca Raton bank that Wachovia Corp. bought, has hired five of his former colleagues.

The North Carolina company bought United Bancorp and its 1st United Bank last November. 1st United was merged into Wachovia Bank at the start of July-about the time the five lenders moved to $40 million-asset Admiralty Bank.

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