Restructuring charges and acquisition expenses clouded third-quarter earnings at two southeastern regional banks on Tuesday.

Net income at Signet Banking Corp. fell 92% to $3.5 million, or 5 cents a share, from $45.8 million a year ago. The Richmond, Va.-based bank took $82.6 million in restructuring charges, partially to cover the termination of its credit card data processing arrangements. The remainder covers staff reductions and facilities consolidation in the commercial bank.

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