LOS ANGELES- California Federal Bank has completed the sale of its Florida and Georgia branch network to NationsBank Corp. for $160 million.

The California-based thrift said its southeast division, consisting of 43 branches in Florida and one in Georgia, had deposits of about $3.9 billion.

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.