Colonial BancGroup said Wednesday that it agreed to acquire First Central Bank for $22 million in stock, its second Florida deal in a week.

First Central, which is based in St. Petersburg, Fla., has $54.7 million of assets and one branch.

Colonial said the transaction would be accounted for as a pooling of interests and is expected to close in January.

It is subject to approval by regulators and First Central shareholders.

On Tuesday, Colonial agreed to acquire Orlando-based Florida Security Holding Corp. and its United American Bank of Central Florida for $70 million in stock. That deal is also expected to close in January, pending regulatory approvals.

Colonial BancGroup has assets of $6.5 billion and 181 branches in Alabama, Florida, Georgia, and Tennessee.

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