Making good on a pledge to build its market share in Indiana, Cincinnati-based Fifth Third Bancorp Monday announced its second acquisition in the Hoosier State in a month-a $228 million stock deal for Peoples Bank Corp. of Indianapolis.

The merger would boost $29.7 billion-asset Fifth Third's presence in Indianapolis to fourth from the No. 6 spot, based on deposits, and dovetail with its pending $2.1 billion deal for CNB Bancshares, a $7.2 billion-asset company based in Evansville, Ind.

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