BankFirst of Winter Park, Fla., has agreed to acquire Commercial Bancorp Inc. of nearby Ormond Beach.

Commercial Bancorp is the parent of the $89.4 million-asset East Coast Community Bank.

The $605.5 million-asset BankFirst will pay an undisclosed amount of cash and stock to Commercial Bancorp shareholders, according to a Wednesday press release. The purchase should be completed in the second quarter.

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