Wachovia Corp. on Thursday completed its acquisition of Ameribank Bancshares, a $280 million-asset Florida bank holding company and parent of American Bank of Hollywood.

American Bank was merged into 1st United Bank, another wholly owned subsidiary of Wachovia Corporation. American Bank's signs will remain in place until late summer, when 1st United Bank's anticipated merger with Wachovia Bank N.A. is expected to be consummated.

Ameribank Bancshares' shareholders approved the merger on March 25, following regulatory approvals. American Bank has seven branches in Broward County. 1st United has 32 branches in Broward, Palm Beach, Martin, and Brevard counties.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.