Atlantic Southern Financial Group Inc. of Macon, Ga., is moving into Florida.
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The $780 million-asset company said Monday that it had agreed to buy the Florida banking charter of the $98 million-asset CenterState Bank Mid Florida in Leesburg for about $1 million. CenterState's $1.1 billion-asset parent, CenterState Banks of Florida Inc., is consolidating two of its subsidiaries, freeing up one of its Florida charters.
Atlantic Southern has 14 branches in Georgia. It deal with CenterState is expected to close Nov. 30.
