CINCINNATI (AP) - Fifth Third Bancorp has completed its purchase of nine
branch offices in the Atlanta area from First Horizon National Corp. of Memphis,
Tenn.
The Cincinnati-based bank reached agreement in March to complete the stalled
purchase, first announced in September. Under terms that were worked out, Fifth
Third has assumed branch deposits, and First Horizon retained all loans.
Fifth Third said the deal was finalized on Monday.
Fifth Third Bancorp operates 18 affiliates in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri
and Georgia.
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