COLONIAL BANCGROUP <CLBGA> BUYS FARMERS
Colonial BancGroup said it
acquired Farmers and Merchants Bank, a Baldwin County bank with
assets of 103 mln dlrs, through an exchange of stock valued at
about 12 mln dlrs.
    Colonial said it also signed letters of intent to acquire
First Federal Bank in Opelika, Athens-Limestone Bank in Athens,
Jackson County Bank in Scottsboro and Commercial National Bank
in Demopolis, with aggregate assets totaling 130 mln dlrs.
 Reuter
