NationsBank plans to sell or close 62 branches in Georgia in the wake of its recent acquisition of Atlanta-based Bank South Corp. But one group of facilities remains conspicuously absent from the chopping block: Bank South's 61 supermarket branches.

A substantial branch cutback had been expected after NationsBank agreed last September to purchase Bank South for $1.7 billion. NationsBank's prediction that it would be able to lop off 60% of Bank South's annual noninterest expense, saving $175 million, was based largely on tremendous overlap between the two banks' branch networks in Atlanta.

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