ATLANTA - First Union Corp. announced Monday it had agreed to buy Georgia's second-largest thrift for about $143 million in stock, a deal that would almost triple its Atlanta presence.

The acquisition of DFSoutheastern Inc., parent of Decatur Federal Savings and Loan Association, would build First Union's share of bank and thrift deposits in Atlanta to 11.3% from 4.4%.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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