FIRST SARASOTA HOLDERS APPROVE ACQUISITIONS
First Sarasota Bancorp said
its shareholders approved the acquisition of its City
Commercial Bank subsidiary by First Union Corp's <FUNC> First
Union National Bank of Florida.
    The purchase price of the outstanding shares is about 8.6
mln dlrs.
    The transaction, subject to regulatory approval, is
expected to be completed during the second quarter of 1987.
    After completing the City Commercial acquisition and four
other acquisitions having combined assets of 248 mln dlrs,
First Union will have assets of 28.6 billion dlrs.
 Reuter
