BIRMINGHAM, Ala. - Regions Financial Corp. has entered the Atlanta market by reaching an agreement in principle to acquire Enterprise National Bank for an undisclosed sum.

Enterprise, which is located in suburban Dunwoody on Atlanta's northern rim, has $51 million of assets.

Regions will pay cash in the transaction, which is still subject to due diligence and the execution of a definitive agreement.

Regions chairman and chief executive J. Stanley Mackin said the Alabama bank hopes "to add to this presence through growth and acquisition opportunities."

Regions, which has $13.5 billion of assets, operates bank subsidiaries in Alabama, Florida, Louisiana, Tennessee, and Georgia.

Regions' Georgia bank, with $250 million of assets, operates branches in Columbus and Rome.

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