GAINESVILLE, Ga. -- First Citizens Bancorp of Cherokee County has signed a definitive agreement to merge with First National Bancorp of Gainesville.

A letter of intent was signed May 19. Terms were not announced. The deal requires approval of regulators and of First Citizens stockholders.

First Citizens owns $74 million-asset Citizens Bank of Ball Ground, withfour banking locations. First National has $1.8 billion in assets and 12 affiliate banks in north Georgia.

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