Regions Financial Corp., Birmingham, said Thursday it would acquire American Bancshares of Monroe, La., in a stock transaction valued at $61 million.

American is the parent company of First American Bank and Trust of Louisiana, which has $304 million of assets, $276 million in deposits and eight offices in Monroe, West Monroe, Shreveport, and Bossier City.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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