ORLANDO -- SunBanks Inc., the Orlando-based holding company owned by SunTrust Banks Inc. of Atlanta, said it will merge its Gainesville and Ocala banks by yearend.

The combined bank, the sixth that SunBanks has consolidated in less than three years, will be based in Ocala and have more than $700 million of assets.

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.