The contest for market share the Sunshine State is heating as First Union National Bank of Florida reported an agreement to acquire $850 rollon in deposits and eight ranches from Chase Manbaton Bank of Florida, a former thrift.

Meanwhile, an even larger deal is looming. Informed observers say Alex. Brown & Sons Inc, the Baltimore-based investment banking and brokerage firm, is soliciting bids for American Savings of Florida, which has $3.2 billion in assets and 29 branches in the Miami area.

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