LUMBERTON, N.C. -- Southern National Corp. said it signed a definitive agreement to acquire FedFirst Bancshares Inc.

The companies announced in July they had signed a letter of intent for an exchange of stock worth $88.8 million. FedFirst, based in Winston-Salem, N.C., is the parent of First Federal Savings Bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.