HOME FEDERAL <HFBF.O> SETS SHAREHOLDER MEETING
Home Federal Bank of
Florida F.S.B. <HFBF.O> said it has scheduled a special
shareholders meetng for July 26 to approve proposed changes to
the bank's charter and merge with Barnett Bank Inc's Barnett
Bank of Pinellas County, N.A.
    Home Federal said the meeting is to approve a definitive
agreement signed May 26, calling for each share of Home
Federal's common stock to be exchanged for about 40 dlrs in
market value of Barnett common stock. The exchange would be
based on conversion of Home Federal shares of not less than
1.935 or more than 1.200 shares of Barnett stocks.
    At 40 dlrs a share, Home Federal said the total market
value of the transaction would be about 175 mln dlrs.
    Home Federal said notice of the meeting and related proxy
materials, which has been filed previously with the Securities
and Exchange Commission and the Federal Home Loan Bank board,
were mailed on June 26, to holders of record on June 15.
 Reuter
