JACKSONVILLE, Fla. - Barnett Banks Inc. said it has agreed to acquire First Financial Bancshares of Polk County for $20 million in cash.

First Financial, with $132.1 million in assets and $117.8 million in deposits, is the holding company for First Federal Savings and Loan Association of Lake Wales.

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.