SouthTrust Corp. raised $73 million through a recent stock offering, building cash to continue its heated pace of acquisitions.

The Birmingham, Ala., bank will use about $14.5 million of the proceeds to pay the cash portions of two pending acquisitions - C-K Federal Savings Bank in Concord, N.C., and Prime Bancshares in Decatur, Ga. - analysts said.

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.