Flag Financial Corp., parent company of First Federal Savings Bank of LaGrange, Ga., agreed last week to buy Citizens Bank of Vienna in an all- stock deal.

Citizens shareholders would receive 15.75 shares of Flag stock for each Citizens share. The $119 million-asset Citizens would retain its name and its staff after the acquisition closed early next year.

The price was not disclosed, because Citizens is a private bank.

J. Daniel Speight, Citizens' president, said that as an independent bank Citizens struggled with too many administrative duties. He said turning them over to the $238 million-asset holding company would allow employees to focus on building customer relationships.

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