a purchase made it the only black-owned bank to operate in more than one state.

On Friday the $150 million-asset bank bought two branches, $34 million of deposits, and some loans of Peoples National Bank of Commerce in Miami. Peoples National, the only black-owned bank in Florida, had been shut down earlier in the week by the Office of the Comptroller of the Currency, which cited poor lending and record-keeping practices, an ineffective board, and year-2000 problems.

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