BIRMINGHAM, Ala. - Central Bancshares of the South Inc. has acquired First Federal Savings Bank of Northwest Florida, Fort Walton Beach.

Terms were not disclosed.

As previously announced, Central will change its name on Friday to Compass Bancshares, uniting its banks in Alabama, Florida, and Texas under the Compass Bank name.

With this acquisition, Central will operate 30 bank offices in Florida with assets of about $500 million.

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