Bank of America (BAC) has agreed to sell 17 branches in North Carolina and Virginia with a total of $944 million in deposits to First Community Bank in Bluefield, Va., and HomeTrust Bancshares (HTBI) in Asheville, N.C.

First Community agreed to buy six branches in southwestern Virginia and a branch in Mt. Airy, N.C. The bank will also buy $440 million in deposits in a deal that is expected to close later this year.

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