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.

Synovus, with $11.2 billion of assets, owns 36 banks in four southeastern states. It also has deals pending to acquire Merit Holding Corp. in Tucker, Ga., and Ready Bank of West Florida in Ft. Walton Beach. -- Louis Whiteman

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