M&I Data Services Inc. has agreed to acquire Barnett Banks' Tampa, Fla.-based correspondent data processing business, Financial Processors Inc. The company is an affiliate of Barnett Technologies Inc., the information technologies subsidiary of Barnett Banks Inc., based in Jacksonville, Fla.

M&I will assume responsibility for all current contracts, equipment, and 160 employees. M&I plans to continue operating item processing centers in Tampa and Miami.

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