TALLAHASSEE, Fla. - SunBanks, a unit of Atlanta-based SunTrust Banks Inc., agreed to purchase Regional Investment Fund Ltd., a thrift holding company based here for $65.1 million in cash.

Regional Investment owns Andrew Jackson Savings Bank, which had total assets of $418.5 million, total loans of $357.5 million, and total deposits of $305.3 million on June 30. The holding company said it retains the right to receive up to $2.9 million in dividends, contingent upon 1993 earnings of Andrew Jackson.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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