JACKSON, Miss. - Deposit Guaranty Corp. said it completed its acquisition of Arkansas' First Merchants Financial Corp. at the close of business Aug. 31.

The acquired company's subsidiary, Merchants National Bank, has assets of $278 million and six full-service offices in Fort Smith. It will retain its separate charter, name, management, and board of directors.

Deposit Guaranty also has 175 banking locations in Mississippi and Louisiana with assets of $5.6 billion as of June 30.

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