Capital City Bank Group Inc., Tallahassee, Fla., agreed to buy five branches from First Federal Savings and Loan Association.
The $992 million-asset Capital City would not disclose how much it plans to pay for the Lakeland, Fla., thrift's branches.
"This is a great purchase," said Capital City president and chief executive officer William G. Smith Jr. He said the branches would boost Capital City's deposits in the Suwannee River Valley of north-central Florida by $60 million, to $185 million.
First Federal, with $460 million of assets, would be left with 10 branches in Polk and Manatee counties.