Centura Banks Inc. and Independent Fiduciary Services Inc. has formed Midsouth Financial Services, based in Charlotte, N.C.

Midsouth officials said it formed the service company after receiving approval from the Federal Reserve Board last Friday.

Support Services

Centura Banks is based in Rocky Mount, N.C., and has $2.7 billion in assets.

Centura officials said Mid-South Financial will provide data processing as well as operational and administrative support to banks and other entities that offer trust and other fiduciary services.

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