BIRMINGHAM- Regions Financial Corp. said it would buy First Commercial Bancshares of Chalmette, La., for $20.3 million in stock.

First Commercial's subsidiary is First National Bank of St. Bernard Parish, which has $113 million of assets and five offices, three in Chalmette and one each in Arabi and Poydras.

Regions has $11.7 billion of assets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.