MIAMI -- Chase Federal Bank of Miami said it has completed the acquisition of the four South Florida offices of Secor Bank, a subsidiary of Regions Financial Corp. of Birmingham, Ala.
The acquisition plan was announced in March, and terms were not disclosed. The offices, situated in Broward and Palm Beach counties, have $182 million in deposits.
The $2.3 billion-asset Chase Federal, a self-described "mass-market" thrift led by former BankAmerica Corp. president Thomas A. Cooper, has made three acquisitions since last August.
