Synovus Financial Corp. said Friday that it has agreed to buy Horizon Bancshares of Pensacola, Fla., for $19.3 million. It is the third bank deal Synovus has announced this year.

-Horizon, which has three branches and $66 million of assets, would be merged into Bank of Pensacola, a Synovus affiliate. The tax-free, pooling-of-interests transaction is expected to close by yearend.

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