ATLANTA -- C&S/Sovran Corp. said Wednesday that it would report a third-quarter loss of up to $55 million after taking a $300 million provision for commercial real estate loan losses.

C&S/Sovran was expected to take a hefty provision in advance of its proposed merger with NCNB Corp. However, the disclosure that its nonperforming assets could rise by as much as 29%, to almost $1.7 billion, was a surprise.

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