FirstMerit Corp.'s latest foray into Florida went sour last week, with the Ohio company and its erstwhile merger partner in Palm Harbor, Fla., filing suit against each other.

Akron, Ohio-based FirstMerit, a $5.7 billion-asset holding company, announced on Feb. 16 an agreement to merge Florida's Madison Savings and Loan Association into its subsidiary Life Savings Bank, Clearwater, Fla., in a $10 million deal expected to close during the third quarter.

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