First Banks Inc. is continuing its invasion of
The $3.8 billion-asset St. Louis-based banking company, through its
The deal is expected to close in early 1998.
James F. Dierberg, chairman, chief executive officer, and president of
"We have a cluster of banks there, and this fits nicely into that," Mr.
First Banks America, with $373.6 million of assets, owns two subsidiary
Itsparent company, which operates 126 branches in four states, has
First Banks Inc. recently signed agreements to buy Surety Bank of
Founded in 1991, Pacific Bay has assets of $38.7 million.
First Banks will pay Pacific Bay shareholders $14 a share.