Regions Financial Corp. said Wednesday that it had definitively agreed to buy Village Bankshares of Tampa, Fla., for about $55 million.

Regions would exchange 1.34 shares of its common stock for each share of Village Bankshares' common stock. The merger, which will probably be accounted for as a pooling of interests, is expected to be completed during the third quarter.

Village Bankshares operates nine officesthrough its Village Bank of Florida. It had assets of $199 million at yearend.

Regions also said it has reached a definitive agreement in connection with its previously announced deal for Etowah Bank of Canton, Ga. Regions has four other mergers pending.

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