Buttressing its position as Louisiana's largest bank, First Commerce Corp. said Wednesday that it would acquire First Acadiana National Bancshares.

First Commerce, based in New Orleans, signed a letter of intent to buy the Opelousas-based bank for $32.7 million, or 1.8 times book value. First Acadiana operates 11 branches in south-central Lousiana and has $216 million in assets.

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