EVANSVILLE, Ind. -- National City Bancshares Inc. said it had agreed in principle to acquire Union Bank and Trust Co., Morganfield, Ky.

The price, to be paid in stock, was not disclosed, pending a definitive agreement.

National City said the transaction, which requires approval from regulators and Union shareholders, should be completed in the first half of 1993.

Union's $61 million in assets would raise National City Bancshares' total to $545 million.

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