CHARLOTTE, N.C. - First Union Corp. said it has received preliminary approval from the Office of the Comptroller of the Currency to acquire Miami-based American Savings of Florida.

Stockholders of the $3.5 billion-asset thrift are to vote Wednesday on the deal, first announced in December.

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.