BIRMINGHAM, Ala. - Central Bancshares of the South Inc. said it signed a letter of intent to purchase 1st Performance National Bank, which would be its first acquisition in northeast Florida.

1st Performance, a Jacksonville-based subsidiary of Resource Bancshares Corp. of South Carolina, has $262 million in assets, $25 million in equity, and 16 offices.

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.