MONTGOMERY, Ala. - First Alabama Bancshares completed its acquisition of First Federal Savings Bank of Marianna, Fla.
First Alabama declined to disclose the terms of the transaction, but said they differed from those originally reported. In March, the companies had said that First Alabama would exchange 454,000 shares for First Federal.
First Alabama said First Federal's three offices and about $100 million in assets were merged into First Alabama's Florida bank, Sunshine Bank. First Alabama said the Florida bank now will he known as Regions Bank of Florida.