Regions Financial Corp. said Friday that it has agreed to buy Jacobs Bank, Scottsboro, Ala., for $52 million in stock.

The deal for the $190 million-asset bank is expected to close in the third quarter, provided a definitive agreement is reached and shareholders and regulators approve it. Under the terms of the agreement, Regions would exchange 13.5 shares of its common stock for each share of Jacobs Bank's common stock.

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