COLONIAL <CLBGA> TO ACQUIRE PENSACOLA BANK
Colonial BancGroup said it and
The Liberty Bank of Pensacola, Fla., signed a letter of intent
for Colonial to acquire Liberty.
    Terms of the acquisition were not dislcosed.
    Colonial said the acquisition was its first move toward
acquiring and out-of-state bank under Alabama's regional
interstate banking law.
    Liberty has total assets of 35 mln dlrs.
 Reuter
