First Virginia Banks Inc. has agreed to pay $15.5 million, or a 7 3/4% premium, for four Richmond branches and $208 million of deposits owned by Miami-based CSF Holdings Inc.

Assuming shareholder and regulatory approval, the branches will be folded into First Virginia Bank-Colonial, First Virginia's Richmond-based unit. The branches are now a part of $4.7 billion-asset Citizens Federal Bank, CSF's lead subsidiary.

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