Secor stockholders accept 1st Alabama's bid.

BIRMINGHAM, Ala. - Secor Bank's stockholders approved its acquisition by First Alabama Bancshares, Secor said.

I said the transaction is scheduled to close Dec. 31.

Under the terms of the merger agreement, each Secor common share will be converted into 0.684 of a First Alabama share when the deal closes. Both banking companies are based in Birmingham.

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