In Brief: First Liberty Buying Vidalia in Ga. for $41M

First Liberty Financial Corp. said it had an agreement to buy Vidalia (Ga.) Bankshares for about $41 million in stock.

Each share of Vidalia Bankshares would be exchanged for 3.404 shares of First Liberty common stock. First Liberty is expected to issue approximately 567,000 shares in connection with the deal.

On June 30 First Liberty had about $1.5 billion of assets. Vidalia had about $60 million.

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