North Carolina-based Southern National Corp. announced on Monday that it had agreed to buy FedFirst Bancshares Inc., Winston-Salem, for about $84 million in stock.

The deal, the latest in a series of bank acquisitions of southeastern thrifts in recent weeks, will build Southern National's deposit market share in Winston-Salem to 19% from 7% and improve the company's ranking to second place from sixth. FedFirst is the parent company of First Federal Savings Bank.

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