Alabama National Bancorp., Birmingham, has a deal to buy Public Bank Corp., St. Cloud, Fla., for $14.8 million of stock.

"This merger provides a strong foundation for future growth in the Florida market," said John H. Holcomb 3d, chairman and chief executive officer of $1.3 billion-asset Alabama National.

It is the holding company for six banks in Alabama and one in Florida. They operate a total of 40 branches.

Public Bank, with $50 million of assets, has two branches. The deal is expected to close by the end of the second quarter.

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