TAMPA, Fla. -- First Florida Banks Inc. said its shareholders at a special meeting "overwhelmingly" approved its pending merger with Barnett Banks Inc. of Jacksonville.

A similar Barnett shareholder vote is scheduled for this week. Pending regulatory approvals, the transaction is expected to be completed by December. Barnett agreed in May to exchange 1.42 of its shares for each of Tampa-based First Florida, for an indicated value of $885 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.