Buying Miami's Republic Banking Corp. could bolster Barnett Banks' campaign to attract more customers in South Florida's large Hispanic community.

Jacksonville, Fla.-based Barnett, which has about $40 billion of assets, said last week that it has an agreement in principle to acquire $1.5 billion-asset Republic for an undisclosed sum.

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.