Article: Deal would give 1st American clout in hot market.(First American's acquisition of First City Bancorp of Murfreesboro, Tennessee)(Brief Article)

First American Corp., Nashville, said it will move into second place in a fast-growing suburban market by buying First City Bancorp of Murfreesboro, Tenn.

The $51 million stock swap deal for $343 million-asset First City would also move First American into first place in market share in the Nashville metropolitan area.

"It's a nice fill-in for First American," said Kay Lister, a banking analyst with Keefe, Bruyette & Woods Inc. "The growth rate in Rutherford County is very strong."

The merger, announced last week, also brings First American 11 banking offices and nine consumer finance locations in the central part of the state. First American, which ...

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