LUMBERTON, N.C. -- Southern National Corp. announced a definitive agreement to buy First Savings Bank of Greenville, S.C.

Southern National, which has assets of $5.2 billion, said it will pay about $181 million in stock for the $2 billion-asset thrift company. The transaction, which will be accounted for as a pooling of interest, is expected to be completed in early 1994.

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