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.

Central, a $6.8 billion-asset company based in Birmingham, entered northwest Florida in July 1991 with the purchase of Citizens and Builders Federal Savings Bank, Pensacola. Four pending acquisitions, including that of 1st Performance, would bring Central to $500 million in Florida assets.

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