NationsBank Corp. may be underestimating the amount of deposits it will have to unload to complete its planned merger with Barnett Banks Inc., some analysts say.

The bank said last week in a filing with the Securities and Exchange Commission that it planned to sell $1.9 billion of deposits and $1.1 billion of loans in Florida to comply with antitrust regulations. A spokeswoman added that the bank intends to sell $900 million of deposits that Barnett acquired Oct. 1 from First of America Corp., raising the proposed deposit sale to $2.8 billion.

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