Centura Banks Inc. has agreed to buy five bank branches from NationsBank Corp.
The five offices have about $92 million of deposits and $55 million of loans. The acquisition will strengthen Centura's market share and customer base in central and eastern North Carolina. Centura has $6.7 billion of assets.
"The acquisition is an excellent strategic fit for Centura," said Cecil W. Sewell, chairman and chief executive officer. "The five banking centers complement Centura's existing franchise, particularly in eastern regions of North Carolina, and fit well with our pending acquisition of 13 offices from Branch Banking and Trust Co."
The transaction, which is subject to regulatory approval, is expected to close in the fourth quarter.