SunTrust Banks said Wednesday it would purchase seven Florida branches and $220 million of deposits from First Union Corp.

Though Atlanta-based SunTrust already has 32 branches in what it calls the "nature coast" area of Florida, the deal would give the bank its first presence in Sumter County.

First Union had about a 51% market share in Sumter County. The sale is expected to close Jan. 1, though the branches will not be converted to SunTrust operations until April 1.

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